• 3 Bedrooms
  • 1.5 Bathrooms
  • 1568 Square Ft
124 Hayden Avenue, Syracuse NY 13204
$17,500.00
No Closing Costs

Scope of Work

  • Rewire entire house

  • New plumbing throughout

  • Drywall & sheetrock throughout

  • New Flooring throughout

  • New Kitchen

  • New Bathrooms

  • Ceiling Repairs

  • 7 New windows on first level

  • Paint Interior

  • Trim needed throughout

  • New interior doors

  • New Closet doors

  • New water heater

Has new windows on second level

Has new roof (5 years old)

Has new Furnace

House has been reframed to fit specific rooms

-This is a brief breakdown of the work that will be needed to get the home in rental condition.

The house is completely gutted as the previous owner intended on remodeling the home but due to financial issues was unable to complete the project. 

For a better look at the home, take a look at the video below. 

The Numbers

  • ARV = 72,000 - 87,000

  • Assessed Value = 72,050

  • Repair Cost = 27,500 - 35,000 (Depending on investment vehicle) 

  • Electrical Bill = $100 a month (estimate) 

  • Water Bill = $45 quarterly (estimate)

  • Insurance = $80 - $100 (monthly)

  • Taxes = 2,700 annually (estimate) 

  • Monthly Rent = 1,000 - 1,100 (estimate)

  • Gross Monthly Income - 12,000 - 13,200 (estimate)

  • Net Operating Income = 6,600

  • Cap Rate On Purchase = 33%

  • Cap Rate Purchase + Repairs = 13.2 %

Property Walk Through

Comparable Properties

We are committed to serving you with quality and value. We believe that everyone deserves to have an alternate, hassle free home selling solution. We offer our expertise to get you the outcome you want.

Reserve A Complimentary Property Consultation With the Experts at

HS Property Funds 

315-516-8023

5701 East Circle Drive #163

Cicero NY, 13039

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