6 Grover StEast 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
Investment property for sale in East Syracuse at 6 Grover St, East Syracuse, NY, 13057 with 5% annual appreciation on a $189,000 basis while $1,460/mo rent supports operations. Total monthly income totals $1,460/mo and a $925/mo payment preserves $198/mo for cash returns. Annual cash flow comes to $2,375/yr on $62,654 deployed, and return on cash invested reaches 23.7% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 9.27%. Five-year ROI measures 123.8% and total cumulative return in cash totals $77,566.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,460/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
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: Mackenzie Rice • Kirnan Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1636435