3818 Neptune LnSyracuseNY13209
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 3818 Neptune Ln, Syracuse, NY, 13209 in Syracuse achieves 1.57, rent of $2,908/mo covers the $1,855/mo payment 1.5x over at $412,500. Rental yield 8.46%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $113,966 over five years, with $3,799/yr in principal reduction bringing total projected return to $148,702.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.2% |
| Monthly Cash Flow | $(155) | $450 |
City averages based on Syracuse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,908 |
| Total Monthly Debt Service | $2,899 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
2,321 sqft lot
$N/A/sqft
$925 quarterly 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
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
Condo
Built in 2005
2,321 sqft lot
$N/A/sqft
$925 quarterly 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
Listed by: Ashley Ripley • Howard Hanna Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1628035
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