502 E Miami DrSyracuseIN46567
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
Investment Highlights
Rental property for sale in Syracuse at 502 E Miami Dr, Syracuse, IN, 46567 priced at $255,000 converts $2,918/mo rent into $1,387/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,918/mo, and annual cash flow totals $16,648/yr on $84,533 invested. Return on cash invested prints 39.6% in year one, and rental yield reads 13.73% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 208.23% and total cumulative return in cash sums $176,024. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,918/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46567, Syracuse, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,038 (100%) |
| Owner Occupied HU | 3,136 (51.9%) |
| Renter Occupied HU | 872 (14.4%) |
| Vacant Housing Units | 2,030 (33.6%) |
| Median Home Value | $317,585 |
| Average Home Value | $442,306 |
Housing Distribution
Address Breakdown
Residential
5,356
Single Family
5,308
Multi-Family
48
Businesses
364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Gingerich • The Gingerich Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433859
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.