401 E Yates StEast SyracuseNY13057
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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
Investment property for sale in East Syracuse at 401 E Yates St, East Syracuse, NY, 13057 uses $76,245 cash to close to unlock $6,838/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $2,106/mo, and a $1,126/mo payment keeps the spread at $570/mo. Purchase price stands at $230,000, and rental yield measures 10.99% with $2,106/mo rent. Return on cash invested shows 28.88% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 151.59% and total cumulative return in cash records $115,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,106/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13057, East Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,931 (100%) |
| Owner Occupied HU | 4,704 (67.9%) |
| Renter Occupied HU | 1,823 (26.3%) |
| Vacant Housing Units | 404 ( 5.8%) |
| Median Home Value | $189,908 |
| Average Home Value | $223,621 |
Housing Distribution
Address Breakdown
Residential
6,661
Single Family
5,768
Multi-Family
893
Businesses
1,276
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Listed by: Theresa Osborne • Howard Hanna Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1649973