429 N Franklin St #214SyracuseNY13202
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 429 N Franklin St #214, Syracuse, NY, 13202 in Syracuse speaks for itself: 10.76% gross on a $529,999 price, generating $4,752/mo in rent and $1,213/mo in net income after the $2,383/mo debt service. DSCR 1.99, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,553 stacks alongside $146,429 in projected five-year appreciation and $4,881/yr in principal reduction. Projected total cumulative return: $280,142.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 7.2% |
| Monthly Cash Flow | $1,213 | $450 |
City averages based on Syracuse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,752 |
| Total Monthly Debt Service | $3,328 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1996
1.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13202, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,093 (100%) |
| Owner Occupied HU | 135 ( 3.3%) |
| Renter Occupied HU | 3,269 (79.9%) |
| Vacant Housing Units | 689 (16.8%) |
| Median Home Value | $196,875 |
| Average Home Value | $287,016 |
Housing Distribution
Address Breakdown
Residential
3,803
Single Family
1,887
Multi-Family
1,916
Businesses
1,296
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
Condo
Built in 1996
1.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13202, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,093 (100%) |
| Owner Occupied HU | 135 ( 3.3%) |
| Renter Occupied HU | 3,269 (79.9%) |
| Vacant Housing Units | 689 (16.8%) |
| Median Home Value | $196,875 |
| Average Home Value | $287,016 |
Housing Distribution
Address Breakdown
Residential
3,803
Single Family
1,887
Multi-Family
1,916
Businesses
1,296
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices