314 Grant Ave #16SyracuseNY13207
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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 314 Grant Ave #16, Syracuse, NY, 13207 generates $1,140/mo in rent and, after a $693/mo payment, leaves $195/mo in cash flow. Total monthly income is $1,140/mo, and annual cash flow is $2,336/yr on $46,907 invested. Return on cash invested sits at 24.89% in year one, and rental yield is 9.67% on a $141,500 entry. Equity gained on principal adds $913/yr, while 5% annual appreciation builds toward $39,094 over five years. Five-year ROI reaches 130.22% and total cumulative return in cash sums $61,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
5,806 sqft lot
$N/A/sqft
No HOA
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Listed by: Susan Li • Coldwell Banker Prime Prop,Inc
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1523693
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