700 Danforth StSyracuseNY13208
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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
Rental property for sale in Syracuse at 700 Danforth St, Syracuse, NY, 13208 priced at $555,000 pairs $1,070/mo rent with after a $2,716/mo payment. Total monthly income equals $1,070/mo. Return on cash invested is 2.74% in year one, and rental yield stands at 2.31% on a $555,000 basis. Equity gained on principal adds $3,581/yr, and 5% annual appreciation accumulates to $153,336 by year five. Five-year ROI measures 11.39% and total cumulative return in cash reaches $20,792. For financing, Ziffy Mortgage’s DSCR program evaluates $1,070/mo property income against a $2,716/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1940
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13208, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,101 (100%) |
| Owner Occupied HU | 3,684 (36.5%) |
| Renter Occupied HU | 5,202 (51.5%) |
| Vacant Housing Units | 1,215 (12.0%) |
| Median Home Value | $115,472 |
| Average Home Value | $182,372 |
Housing Distribution
Address Breakdown
Residential
8,681
Single Family
7,711
Multi-Family
970
Businesses
563
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