🏡 Cash Flowing Rental in Syracuse, NY! 🏡

Onondaga County, Syracuse, NY, 13202 view full address
For Sale
Listed at: September 22nd, 2024
Price
$20,000
ARV
$50,000
Gross Margin
$30,000
Sq. Footage
728
Type
Single-Family
Parking
On street
Year build
1920
Lot size
0.04 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

📍 Address: 103 McCormick Avenue, Syracuse, NY 13202
🛏️ 2 Bed | 1 Bath


💸 Deal Overview:

💰 Purchase Price: Only $20,000!
💵 Long-Term Rent: $1,075.00
🏘️ Section 8 Rents: $1,321.00 (Potential for higher rent!)


🔥 Why This Deal is a Steal:

  • 💲 Cash Flow: Lock in steady rent at $1,075, or bump it up to $1,321 with Section 8—either way, you're winning!
  • 💼 High Cash-on-Cash Return: Minimal investment for maximized returns.
  • 📈 Great Rental Opportunity: In a solid market with room for rent increases to fair market rent of $1,126.
  • 🔑 Squatters in Place: Likely to accept cash for keys, making this a smooth transition to rental income!

💼 Investment Highlights:

  • Hold for Long-Term Cash Flow: Perfect for those looking for passive income with strong rent potential!
  • Section 8: Get guaranteed rent with Section 8 tenants and boost your monthly income to $1,321!
  • Low Entry Fee: $20,000 is all it takes to get started in this Syracuse market.

Don’t miss out on this high-return investment opportunity! Whether you’re looking to build your portfolio or start earning passive income, this deal is perfect for you!

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Teeshan Udayakumar (845 -238 - 4717)

No reviews

Disposition manager