514 W Ostrander Ave · Syracuse, NY 13205

$89,900

3 bd · 1.0 ba · 1,164 sqft · SingleFamily public records · 36 Days on market

Built 1900 3,957 sqft lot $77/sqft · at area comps Est $94k · at est.

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +9.5/15.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Fully rented nice colonial with updated furnace, plumbing and electrical. Updated kitchen and bath, hardwood floors, fenced yard and plenty of space inside. Full walk up attic, dishwasher, tilt in vinyl windows, and plenty of natural woodwork.

Key facts

• Natural woodwork
• Off street parking
• Private backyard

Tags

• NATURAL WOODWORK
• PRIVATE BACKYARD
• OFF STREET PARKING

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water connected; Sewer connected
• Home design: 2-story house; Existing/resale property
• Construction: Aluminum siding; Block and poured foundation
• Exterior features: Blacktop driveway; Gravel driveway; Near public transit; Rectangular residential lot; City street frontage; Lot dimensions approximately 33 x 119

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Total of 6 rooms including a living room
• Flooring: Hardwood; Laminate; Vinyl; Varied flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Gas forced air heating
• Interior features: Eat-in kitchen; Separate/formal living room; Natural woodwork; Has full basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $695 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.6% vs local median 8.2% in Syracuse — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#187 in NY, #2,869 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D+, crime F, employment D-.
• Syracuse City School District (urban): math 18% / reading 26% proficiency, ranked #590 of 590 in NY (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 67 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 616 units permitted in Onondaga County in 2024 (256 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($622 loan paydown + $9k appreciation (10.0% local appreciation)).
• Onondaga County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $46k; list at $90k implies a 95% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.80% ✓
• Cap rate: 15.57%
• Cash-on-cash: 33.13%
• DSCR: 2.47
• GRM: 4.6

CMA / ARV

• ARV (median comp): $93,978
• List price: $89,900
• Delta: -4.34%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
160 Berger Ave	0.11mi	3/1.0	1,162 (-0%)	0mo	$35,000	$30	94
358 W Newell St	0.25mi	3/1.0	1,197 (+3%)	4mo	$19,900	$17	80
160 Baldwin Ave	0.15mi	2/1.0 (-1)	1,104 (-5%)	4mo	$75,000	$68	76
184 W Matson Ave	0.39mi	3/1.5	1,142 (-2%)	5mo	$105,000	$92	72
218 Girard Ave	0.30mi	2/1.0 (-1)	1,080 (-7%)	3mo	$123,750	$115	67
604 W Ostrander Ave	0.04mi	2/2.5 (-1)	1,320 (+13%)	1mo	$201,000	$152	64
721 Ballantyne Rd	0.28mi	2/1.5 (-1)	1,047 (-10%)	1mo	$130,000	$124	63
133 Hobart Ave	0.66mi	3/1.0	1,248 (+7%)	1mo	$145,000	$116	57
609 W Colvin St	0.67mi	3/1.5	1,236 (+6%)	2mo	$100,000	$81	55
109 Smith Rd	0.65mi	2/1.0 (-1)	1,244 (+7%)	2mo	$155,500	$125	52
403 Pacific Ave	0.39mi	2/1.0 (-1)	1,331 (+14%)	3mo	$130,000	$98	50
308 Hope Ave	0.44mi	2/1.0 (-1)	992 (-15%)	3mo	$35,000	$35	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 49.6%
• Equity multiple: 4.70×
• Total profit: $93,220
• Equity at exit: $80,989

10-year hold

• IRR: 43.3%
• Equity multiple: 10.52×
• Total profit: $239,713
• Equity at exit: $174,656

Cash invested: $25,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 13205

• Home prices YoY: 3.0%
• Active inventory: 67
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,615 high
• Mortgage (P&I): −$471
• Tax from tax record: −$72 /mo · $869/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $695

Break-even live

Break-even rent $736

Max offer price $89,900

Occupancy floor 52%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
508-10 W Brighton Ave Syracuse, NY	2.0	1.0	735	$1,350	$1.84	13d	13	0.43mi
300 Mains Ave Unit Bradford-7 Syracuse, NY	2.0	1.0	1200	$1,100	$0.92	14d	1	0.60mi
147 E Matson Ave Syracuse, NY	3.0	2.5	1421	$2,000	$1.41	21d	1	0.67mi
2859 S Salina St Unit 2 Syracuse, NY	2.0	1.0	1000	$1,200	$1.20	44d	1	0.67mi
213 Fletcher Ave Unit 2 Syracuse, NY	3.0	1.0	1200	$1,700	$1.42	13d	1	0.68mi
158 Parkway Dr Syracuse, NY	4.0	3.0	1029	$2,250	$2.19	21d	1	0.86mi
154 Seeley Ave Syracuse, NY	4.0	1.0	1312	$2,100	$1.60	14d	1	0.91mi
102 Newbury Hollow Ln Syracuse, NY	2.0	1.5	1200	$1,550	$1.29	14d	1	0.94mi
116 Newbury Hollow Ln Syracuse, NY	1.0–2.0	1.0	825	$1,295	$1.57	14d	7	1.06mi
260 Robert Dr Syracuse, NY	3.0	1.5	1200	$2,097	$1.75	44d	1	1.35mi
259 Robert Dr Syracuse, NY	3.0	1.5	1350	$699	$0.52	44d	1	1.36mi
409 Stolp Ave Syracuse, NY	1.0–3.0	1.0	849	$1,575	$1.86	13d	5	1.42mi

Listing history 22 events

1. 2026-06-18
   days on market $89,900 Active 36 DOM
2. 2026-06-17
   days on market $89,900 Active 35 DOM
3. 2026-06-16
   days on market $89,900 Active 34 DOM
4. 2026-06-15
   days on market $89,900 Active 33 DOM
5. 2026-06-14
   days on market $89,900 Active 31 DOM
6. 2026-06-13
   days on market $89,900 Active 30 DOM
7. 2026-06-10
   days on market $89,900 Active 28 DOM
8. 2026-06-09
   days on market $89,900 Active 27 DOM
9. 2026-06-08
   days on market $89,900 Active 26 DOM
10. 2026-06-07
    days on market $89,900 Active 25 DOM
11. 2026-06-05
    days on market $89,900 Active 22 DOM
12. 2026-06-02
    days on market $89,900 Active 20 DOM
13. 2026-06-01
    days on market $89,900 Active 19 DOM
14. 2026-05-31
    days on market $89,900 Active 18 DOM
15. 2026-05-30
    days on market $89,900 Active 17 DOM
16. 2026-05-13
    listed $89,900 Active 305-char remark
17. 2021-07-01
    soldstatus $46,000
18. 2018-01-12
    soldstatus $30,000 Closed Sale or Rented 243-char remark

    Show marketing remark (243 chars)

    Fully rented nice colonial with updated furnace, plumbing and electrical. Updated kitchen and bath, hardwood floors, fenced yard and plenty of space inside. Full walk up attic, dishwasher, tilt in vinyl windows, and plenty of natural woodwork.

19. 2018-01-12
    soldstatus $30,000

    Show marketing remark (243 chars)

    Fully rented nice colonial with updated furnace, plumbing and electrical. Updated kitchen and bath, hardwood floors, fenced yard and plenty of space inside. Full walk up attic, dishwasher, tilt in vinyl windows, and plenty of natural woodwork.

20. 2017-12-02
    soldstatus $32,204
21. 2017-09-27
    status Pending Sale 243-char remark

    Show marketing remark (243 chars)

    Fully rented nice colonial with updated furnace, plumbing and electrical. Updated kitchen and bath, hardwood floors, fenced yard and plenty of space inside. Full walk up attic, dishwasher, tilt in vinyl windows, and plenty of natural woodwork.

22. 2017-09-14
    listed $34,900 Active 243-char remark

    Show marketing remark (243 chars)

    Fully rented nice colonial with updated furnace, plumbing and electrical. Updated kitchen and bath, hardwood floors, fenced yard and plenty of space inside. Full walk up attic, dishwasher, tilt in vinyl windows, and plenty of natural woodwork.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $869 · $72/mo
• Projected year-2 tax: $1,194 · $100/mo
• Expected delta: +$325/yr (+$27/mo · 37.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,385
• − Mortgage interest: −$5,036
• − Property taxes: −$869
• − Insurance: −$450
• − Repairs & maintenance: −$1,551
• − Management: −$1,551
• − Depreciation: −$2,615
• Taxable income: $7,314
• Est. tax owed @ 24.0%: −$1,755
• After-tax cash flow: $6,583/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Syracuse City School District
• NCES district ID: 3628590
• Math proficiency: 18% ▼ -5.00%
• Reading proficiency: 26% ▬ 0.00%
• Median HH income: $32,097
• Composite: 17.83/100
• National rank: #9007
• State rank: #590 of 590 in NY

Livability — Syracuse

• Score: 77/100
• State rank: #187
• US rank: #2869

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Syracuse, NY
• City population: 152,627
• Population (ZIP): 18,562

Population outlook (Onondaga County) Hauer SSP2

• Today (2025): 467,894 people
• By 2030: 463,381 · -1.0%
• By 2040: 447,697 · -4.3%
• By 2050: 426,399 · -8.9%
• By 2075: 373,661 · -20.1%
• By 2100: 307,967 · -34.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Black 44% White 37% Two or more races 10% Hispanic / Latino 6% Asian 3%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Romanian 2% Italian 2% Swiss 1%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 87% English-only · Spanish 5% Arabic 1% Other Indo-European 1%

Political lean MEDSL · Onondaga

• 2024 margin: D (+17.3) · D 58.6% · R 41.4%
• 2008→2024 swing: -3.0pp toward R · 2008: 20.3pp · 2024: 17.3pp
• All cycles: 2024: D+17.3 2020: D+20.6 2016: D+12.8 2012: D+21.1 2008: D+20.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.12%
• Current HPI: 345.8854
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+157.6% since first listed

7 events — show timeline

• 2026-05-13 Listed $89,900 CNYIS
• 2021-07-01 Sold (Public Records) $46,000 Public Records
• 2018-01-12 Sold (Public Records) $30,000 Public Records
• 2018-01-12 Sold (MLS) $30,000 CNYIS
• 2017-12-02 Sold (Public Records) $32,204 Public Records
• 2017-09-27 Pending — CNYIS
• 2017-09-14 Listed $34,900 CNYIS

Property tax history

-0.1%/yr

Latest (2025): $869 · +0.6% YoY. Source: county tax records.