606 S Manor 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 606 S Manor Dr, Syracuse, IN, 46567 offers $1,968/mo rent that, after a $974/mo payment, leaves $746/mo cash flow. Total monthly income is $1,968/mo, and annual cash flow is $8,947/yr on $65,969 cash. Return on cash invested measures 33.47% in year one, and rental yield stands at 11.87% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 175.53% and total cumulative return in cash reaches $115,794. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,968/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.28 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: Tony Pawlicki • ERA Crossroads
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524663
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.