405 Horan RdSyracuseNY13209
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
Rental property for sale in Syracuse at 405 Horan Rd, Syracuse, NY, 13209 offers $1,551/mo rent that, after a $954/mo payment, leaves $249/mo cash flow. Total monthly income is $1,551/mo, and annual cash flow is $2,993/yr on $64,609 cash. Return on cash invested measures 24.54% in year one, and rental yield stands at 9.55% at a $194,900 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,847 by year five. Five-year ROI records 128.36% and total cumulative return in cash reaches $82,935. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,551/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
1.87 Acres lot
$N/A/sqft
No 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
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