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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 326 Berkeley Dr, Syracuse, NY, 13210 offers $6,808/mo rent that, after a $2,190/mo payment, leaves $3,820/mo cash flow. Total monthly income is $6,808/mo, and annual cash flow is $45,840/yr on $148,346 cash. Return on cash invested measures 50.81% in year one, and rental yield stands at 18.26% at a $447,500 entry. Equity gained on principal adds $2,888/yr while 5% annual appreciation compounds into $123,636 by year five. Five-year ROI records 269.17% and total cumulative return in cash reaches $399,301. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,808/mo property income versus a $2,190/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
0.30 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 13210, Syracuse, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,640 (100%) |
| Owner Occupied HU | 2,040 (19.2%) |
| Renter Occupied HU | 7,519 (70.7%) |
| Vacant Housing Units | 1,081 (10.2%) |
| Median Home Value | $202,045 |
| Average Home Value | $228,177 |
Housing Distribution
Address Breakdown
Residential
9,518
Single Family
6,174
Multi-Family
3,344
Businesses
578
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Price change | $447,500 |
| 2024-10-04 | Price change | $479,000 |
| 2024-09-19 | Listed for sale | $499,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | N/A | N/A | $178,000 | N/A |
| 2022-11-11 | N/A | N/A | $178,000 | N/A |
| 2021-11-11 | N/A | N/A | $178,000 | 12.66% |
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1924
- Architectural Style: Colonial,Historic/Antique,Two Story
- Building Area: 2,052
- Living Area: 2,052 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Ductless, Gas, Hot Water
- Cooling: Ductless
- Flooring: Carpet, Hardwood, Varies
- Interior Features: Attic, Cathedral Ceiling(s), Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Separate/Formal Living Room, Guest Accommodations, Granite Counters, Pantry, See Remarks, Second Kitchen, Storage, Skylights, Bedroom on Main Level, In-Law Floorplan, Bath in Primary Bedroom
- Exterior Features: Awning(s), Blacktop Driveway, Deck, Fully Fenced, Pool, Patio
- Parking Features: Attached, Garage, Heated Garage
Location
- City: Syracuse
- Subdivision: Berkeley Park Subdivision
- Lot Size: 0.30 Acres
- Lot Features: Historic District, Near Public Transit, Rectangular, 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, High Speed Internet 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: Barbara T. Miller • Howard Hanna Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1566253
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