505 Cogswell AveSyracuseNY13209
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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 505 Cogswell Ave, Syracuse, NY, 13209 offers a 4.72% rental yield on a $399,900 purchase with $1,573/mo rent. 98% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 50.22% and total cumulative return in cash at $66,572. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,573/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1904
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13209, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,138 (100%) |
| Owner Occupied HU | 3,887 (63.3%) |
| Renter Occupied HU | 1,844 (30.0%) |
| Vacant Housing Units | 407 ( 6.6%) |
| Median Home Value | $177,352 |
| Average Home Value | $238,896 |
Housing Distribution
Address Breakdown
Residential
5,890
Single Family
5,227
Multi-Family
663
Businesses
460
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