402 & 404 W Carroll StSyracuseIN46567
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 Syracuse at 402 & 404 W Carroll St, Syracuse, IN, 46567 uses $79,527 cash to close to unlock $5,555/yr annual cash flow and $463/mo monthly cash flow. Total monthly income runs $1,981/mo, and a $1,174/mo payment keeps the spread at $463/mo. Purchase price stands at $239,900, and rental yield measures 9.91% with $1,981/mo rent. Return on cash invested shows 26.89% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 140.46% and total cumulative return in cash records $111,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,981/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Multi Family
Built in 2005
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46567, Syracuse, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,038 (100%) |
| Owner Occupied HU | 3,136 (51.9%) |
| Renter Occupied HU | 872 (14.4%) |
| Vacant Housing Units | 2,030 (33.6%) |
| Median Home Value | $317,585 |
| Average Home Value | $442,306 |
Housing Distribution
Address Breakdown
Residential
5,356
Single Family
5,308
Multi-Family
48
Businesses
364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Arnold • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519270
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.