609 Vine StSyracuseNY13203
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 609 Vine St, Syracuse, NY, 13203 in Syracuse speaks for itself: 10.98% gross on a $225,000 price, generating $2,058/mo in rent and $555/mo in net income after the $1,012/mo debt service. DSCR 2.03, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,666 stacks alongside $62,163 in projected five-year appreciation and $2,072/yr in principal reduction. Projected total cumulative return: $121,548.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.2% |
| Monthly Cash Flow | $555 | $450 |
City averages based on Syracuse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,058 |
| Total Monthly Debt Service | $1,413 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1880
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13203, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,754 (100%) |
| Owner Occupied HU | 1,925 (22.0%) |
| Renter Occupied HU | 5,642 (64.5%) |
| Vacant Housing Units | 1,187 (13.6%) |
| Median Home Value | $201,647 |
| Average Home Value | $270,826 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
4,695
Multi-Family
2,741
Businesses
426
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
Multi Family
Built in 1880
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13203, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,754 (100%) |
| Owner Occupied HU | 1,925 (22.0%) |
| Renter Occupied HU | 5,642 (64.5%) |
| Vacant Housing Units | 1,187 (13.6%) |
| Median Home Value | $201,647 |
| Average Home Value | $270,826 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
4,695
Multi-Family
2,741
Businesses
426
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices