7 Parkwood DrEast SyracuseNY13057
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 East Syracuse at 7 Parkwood Dr, East Syracuse, NY, 13057 offers $1,438/mo rent that, after a $929/mo payment, leaves $170/mo cash flow. Total monthly income is $1,438/mo, and annual cash flow is $2,044/yr on $62,952 cash. Return on cash invested measures 23.16% in year one, and rental yield stands at 9.09% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 120.92% and total cumulative return in cash reaches $76,121. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,438/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dante Belmonte • Hunt Real Estate ERA
Mls Name: NYSAMLSs
Mls ID: #S1653955