420 Schaffer AveSyracuseNY13206
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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 420 Schaffer Ave, Syracuse, NY, 13206 uses $80,886 cash to close to unlock $1,234/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,732/mo, and a $1,194/mo payment keeps the spread at $103/mo. Purchase price stands at $244,000, and rental yield measures 8.52% with $1,732/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 111.67% and total cumulative return in cash records $90,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Multi Family
Built in 1949
7,278 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13206, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,320 (100%) |
| Owner Occupied HU | 3,838 (46.1%) |
| Renter Occupied HU | 3,859 (46.4%) |
| Vacant Housing Units | 623 ( 7.5%) |
| Median Home Value | $153,136 |
| Average Home Value | $192,727 |
Housing Distribution
Address Breakdown
Residential
8,043
Single Family
6,463
Multi-Family
1,580
Businesses
809
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