608 W Polywood WaySyracuseIN46567
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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 608 W Polywood Way, Syracuse, IN, 46567 uses $63,980 cash to close to unlock $3,505/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $1,451/mo, and a $945/mo payment keeps the spread at $292/mo. Purchase price stands at $193,000, and rental yield measures 9.02% with $1,451/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 132.05% and total cumulative return in cash records $84,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,451/mo property income covering a $945/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,018 sqft 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
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Listed by: Ashley Lambright • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520127
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.