423 Highland AveEast SyracuseNY13057
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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 East Syracuse at 423 Highland Ave, East Syracuse, NY, 13057 generates $2,287/mo in rent and, after a $1,615/mo payment, leaves $84/mo in cash flow. Total monthly income is $2,287/mo, and annual cash flow is $1,004/yr on $109,362 invested. Return on cash invested sits at 20.83% in year one, and rental yield is 8.32% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 108.41% and total cumulative return in cash sums $118,563. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,287/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13057, East Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,931 (100%) |
| Owner Occupied HU | 4,704 (67.9%) |
| Renter Occupied HU | 1,823 (26.3%) |
| Vacant Housing Units | 404 ( 5.8%) |
| Median Home Value | $189,908 |
| Average Home Value | $223,621 |
Housing Distribution
Address Breakdown
Residential
6,661
Single Family
5,768
Multi-Family
893
Businesses
1,276
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Listed by: Esmir Omerovic • eXp Realty
Mls Name: NYSAMLSs
Mls ID: #S1646519