413 Richmond AveSyracuseNY13204
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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 Syracuse at 413 Richmond Ave, Syracuse, NY, 13204 listed at $100,000 pairs $1,025/mo rent with a $489/mo payment to leave $358/mo cash flow. Total monthly income runs $1,025/mo, and annual cash flow reaches $4,292/yr on $33,150 cash to close. Return on cash invested measures 32.86% in year one, and rental yield registers 12.3% at a $100,000 basis. Equity gained on principal adds $645/yr, and annual property appreciation at 5% supports $27,628 by year five. Five-year ROI tracks 172.93% and total cumulative return in cash totals $57,328. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,025/mo property income relative to a $489/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
3,219 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13204, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,214 (100%) |
| Owner Occupied HU | 2,222 (21.8%) |
| Renter Occupied HU | 6,572 (64.3%) |
| Vacant Housing Units | 1,420 (13.9%) |
| Median Home Value | $113,740 |
| Average Home Value | $193,630 |
Housing Distribution
Address Breakdown
Residential
8,770
Single Family
7,023
Multi-Family
1,747
Businesses
1,028
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