429 N Franklin St #314 & 315SyracuseNY13202
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 429 N Franklin St #314 & 315, Syracuse, NY, 13202 in Syracuse fits: $529,000, 5.78% gross yield, and a projected 5% annual appreciation rate adding $146,153 in value within five years. Rental yield 5.78%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.07) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $4,872/yr in principal paydown and $146,153 in appreciation project a total return of $138,418.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 7.2% |
| Monthly Cash Flow | $(2,374) | $450 |
City averages based on Syracuse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,549 |
| Total Monthly Debt Service | $3,322 |
| DSCR Ratio | 0.77x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2001
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 2001
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