414 Garfield AveSyracuseNY13205
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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 414 Garfield Ave, Syracuse, NY, 13205 priced at $159,900 converts $875/mo rent into after a $783/mo obligation. Total monthly income equals $875/mo. Return on cash invested prints 15.54% in year one, and rental yield reads 6.57% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 80.04% and total cumulative return in cash sums $42,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $875/mo property income covering a $783/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
5,344 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13205, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,207 (100%) |
| Owner Occupied HU | 2,970 (36.2%) |
| Renter Occupied HU | 4,267 (52.0%) |
| Vacant Housing Units | 970 (11.8%) |
| Median Home Value | $112,087 |
| Average Home Value | $254,008 |
Housing Distribution
Address Breakdown
Residential
7,719
Single Family
5,571
Multi-Family
2,148
Businesses
429
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