407 Mitchell AveSyracuseNY13207
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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 407 Mitchell Ave, Syracuse, NY, 13207 priced at $205,000 converts $1,786/mo rent into $417/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,786/mo, and annual cash flow totals $5,009/yr on $67,958 invested. Return on cash invested prints 27.28% in year one, and rental yield reads 10.45% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 143.04% and total cumulative return in cash sums $97,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,786/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Christopher Evans • RE/MAX Masters
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1620350
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