Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 238 Scottholm Ter, Syracuse, NY, 13224 earns $2,317/mo cash flow from $4,987/mo rent with a $1,957/mo payment. Total monthly income totals $4,987/mo, and annual cash flow totals $27,802/yr on $132,567 capital. ROI tracks 40.88% on current figures, and rental yield reads 14.96% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 215.94% and total cumulative return in cash sums $286,268. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,987/mo property income instead of your personal income.
Single Family
Built in 1965
0.39 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 13224, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,140 (100%) |
| Owner Occupied HU | 2,274 (54.9%) |
| Renter Occupied HU | 1,543 (37.3%) |
| Vacant Housing Units | 323 ( 7.8%) |
| Median Home Value | $260,031 |
| Average Home Value | $323,341 |
Housing Distribution
Address Breakdown
Residential
3,879
Single Family
3,205
Multi-Family
674
Businesses
186
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-08 | Listed for sale | $399,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-11 | N/A | N/A | $139,000 | N/A |
| 2022-08-11 | N/A | N/A | $139,000 | N/A |
| 2021-08-11 | N/A | N/A | $139,000 | N/A |
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1965
- Architectural Style: Contemporary,Raised Ranch
- Building Area: 3,062
- Living Area: 3,062 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Gas, Hot Water
- Cooling: Wall Unit(s)
- Flooring: Ceramic Tile, Hardwood, Other, See Remarks, Varies
- Interior Features: Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Separate/Formal Living Room, Home Office, Bedroom on Main Level, Main Level Primary, Workshop
- Exterior Features: Blacktop Driveway, Deck, Patio
- Parking Features: Underground, Driveway
Location
- City: Syracuse
- Subdivision: N/A
- Lot Size: 0.39 Acres
- Lot Features: Residential Lot
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available, Sewer Connected, Water Connected
- Sewer: Connected
- Water Source: Connected, Public
- Road Surface Type: N/A
School Information
- Elementary School: Edward Smith K-8
- Middle School: N/A
- High School: Nottingham High
Listed by: Jeffrey L. Roney • Keller Williams Syracuse
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1556445
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Brokers Firm Name. Listing Data last updated at 2024-08-10 17:40:42 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.