309 Wells Ave ENorth SyracuseNY13212
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
Investment property for sale in North Syracuse at 309 Wells Ave E, North Syracuse, NY, 13212 uses $60,171 cash to close to unlock $10,564/yr annual cash flow and $880/mo monthly cash flow. Total monthly income runs $2,092/mo, and a $888/mo payment keeps the spread at $880/mo. Purchase price stands at $181,510, and rental yield measures 13.83% with $2,092/mo rent. Return on cash invested shows 37.47% in year one, and 5% annual appreciation builds toward $50,148 over five years. Five-year ROI reaches 197.68% and total cumulative return in cash records $118,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,092/mo property income covering a $888/mo payment rather than investor’s personal income.
Single Family
Built in 1942
7,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13212, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,211 (100%) |
| Owner Occupied HU | 6,277 (68.1%) |
| Renter Occupied HU | 2,534 (27.5%) |
| Vacant Housing Units | 400 ( 4.3%) |
| Median Home Value | $168,177 |
| Average Home Value | $216,625 |
Housing Distribution
Address Breakdown
Residential
9,220
Single Family
7,787
Multi-Family
1,433
Businesses
727
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A