307 Nicks WaySyracuseNY13209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Syracuse at 307 Nicks Way, Syracuse, NY, 13209 priced at $329,900 converts $1,516/mo rent into after a $1,615/mo obligation. Total monthly income equals $1,516/mo. Return on cash invested prints 12.37% in year one, and rental yield reads 5.51% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 63.05% and total cumulative return in cash sums $68,955. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,516/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
6,455 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13209, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,138 (100%) |
| Owner Occupied HU | 3,887 (63.3%) |
| Renter Occupied HU | 1,844 (30.0%) |
| Vacant Housing Units | 407 ( 6.6%) |
| Median Home Value | $177,352 |
| Average Home Value | $238,896 |
Housing Distribution
Address Breakdown
Residential
5,890
Single Family
5,227
Multi-Family
663
Businesses
460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices