408 Allen RdNorth SyracuseNY13212
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 North Syracuse at 408 Allen Rd, North Syracuse, NY, 13212 offers $2,106/mo rent that, after a $929/mo payment, leaves $838/mo cash flow. Total monthly income is $2,106/mo, and annual cash flow is $10,060/yr on $62,952 cash. Return on cash invested measures 35.89% in year one, and rental yield stands at 13.31% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 189.24% and total cumulative return in cash reaches $119,129. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,106/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13212, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,211 (100%) |
| Owner Occupied HU | 6,277 (68.1%) |
| Renter Occupied HU | 2,534 (27.5%) |
| Vacant Housing Units | 400 ( 4.3%) |
| Median Home Value | $168,177 |
| Average Home Value | $216,625 |
Housing Distribution
Address Breakdown
Residential
9,220
Single Family
7,787
Multi-Family
1,433
Businesses
727
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Listed by: Alise Wolpink • WEICHERT, REALTORS-TBG
Mls Name: NYSAMLSs
Mls ID: #S1648212