1343 Lancaster Ave · Syracuse, NY 13210

$219,900

3 bd · 1.5 ba · 1,580 sqft · SingleFamily public records · 7 Days on market

Built 1924 7,000 sqft lot Est $283k · 22% under

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Why this score? — see what drove the C 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 +18.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.7/10.0
• Rent growth +5.0/5.0
• 1% rule +4.0/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

Key facts

• Large windows
• Original hardwoods
• Flat backyard

Tags

• ARTS AND CRAFTS BUNGALOW
• ORIGINAL HARDWOODS
• LARGE WINDOWS
• SPACIOUS EAT-IN KITCHEN
• CENTER ISLAND
• FLAT BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $201 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (9.8% below list).
• Recommended offer: $198k (9.8% below list) — sets the bar for 1% rule.

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: Rents rising fast (+11.2%/yr); 58 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 616 units permitted in Onondaga County in 2024 (256 in 5+ unit buildings).
• At $1,984/mo this rent would consume 57% of the median local household income ($42k/yr) (locally 2307% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Onondaga County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $62k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 8y 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 $150k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $198,376 (9.8% below list)

Questions for the listing agent

1. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 7.39%
• Cash-on-cash: 3.92%
• DSCR: 1.17
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $282,820
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1128 Westcott St	0.34mi	4/1.5 (+1)	1,624 (+3%)	3mo	$288,000	$177	72
822 Cumberland Ave	0.50mi	3/2.0	1,524 (-4%)	5mo	$275,000	$180	64
105 Dakota St	0.53mi	4/1.5 (+1)	1,536 (-3%)	4mo	$275,000	$179	62
228 Westminster Ave	0.41mi	4/1.5 (+1)	1,453 (-8%)	3mo	$285,000	$196	60
305 Kensington Rd	0.41mi	4/1.5 (+1)	1,692 (+7%)	8mo	$179,900	$106	58
1022 Westcott St	0.46mi	4/1.5 (+1)	1,739 (+10%)	1mo	$287,000	$165	56
1344 Westmoreland Ave	0.40mi	4/2.0 (+1)	1,444 (-9%)	5mo	$280,000	$194	56
1112 Westcott St	0.37mi	3/1.5	1,344 (-15%)	5mo	$245,000	$182	54
203 Buckingham Ave	0.35mi	4/1.0 (+1)	1,389 (-12%)	5mo	$120,000	$86	52
972 Westmoreland Ave	0.72mi	3/1.5	1,414 (-10%)	6mo	$275,000	$194	44
725 Fellows Ave	0.52mi	3/2.5	1,814 (+15%)	5mo	$270,000	$149	43
1048 Westmoreland Ave	0.63mi	3/1.5	1,794 (+14%)	7mo	$285,000	$159	42

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

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -5.2%
• Equity multiple: 0.80×
• Total profit: $-12,404
• Equity at exit: $32,788

10-year hold

• IRR: 9.3%
• Equity multiple: 1.86×
• Total profit: $53,147
• Equity at exit: $19,013

Cash invested: $61,572 (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 13210

• Home prices YoY: -9.0%
• Rents YoY: 11.2%
• Active inventory: 58
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,984 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$121 /mo · $1,455/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $201

Break-even live

Break-even rent $1,729

Max offer price $219,900

Occupancy floor 85%

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
259 Robert Dr Syracuse, NY	3.0	1.5	1350	$699	$0.52	43d	1	0.47mi
260 Robert Dr Syracuse, NY	3.0	1.5	1200	$2,097	$1.75	43d	1	0.49mi
953-55 Westcott St Unit 955 Syracuse, NY	3.0	1.0	1286	$1,500	$1.17	43d	1	0.51mi
922 Westcott St Syracuse, NY	4.0	2.0	1700	$2,000	$1.18	21d	1	0.55mi
620 Euclid Ave Apt 1 Syracuse, NY	3.0	1.0	1248	$1,700	$1.36	43d	1	0.65mi
205 Fellows Ave Unit 1 Syracuse, NY	3.0	1.0	1638	$1,800	$1.10	21d	1	1.06mi
102 Newbury Hollow Ln Syracuse, NY	2.0	1.5	1200	$1,550	$1.29	13d	1	1.15mi
102 Newbury Hollow Ln Syracuse, NY	3.0	2.0	2000	$2,300	$1.15	43d	1	1.15mi
147 E Matson Ave Syracuse, NY	3.0	2.5	1421	$2,000	$1.41	21d	1	1.29mi
1108 Madison St Unit 2 Syracuse, NY	3.0	1.5	1580	$2,080	$1.32	43d	1	1.30mi
108 Harrington Rd Syracuse, NY	3.0	2.0	1800	$2,600	$1.44	13d	1	1.37mi
502 University Ave Syracuse, NY	1.0–2.0	1.0	950	$1,450	$1.53	13d	2	1.40mi
269 W Borden Ave Syracuse, NY	4.0	1.5	1800	$650	$0.36	21d	1	1.47mi
2331 Midland Ave Syracuse, NY	4.0	1.5	1664	$2,300	$1.38	21d	1	1.50mi

Listing history 13 events

1. 2026-04-23
   status Pending
2. 2026-04-21
   historical Active Under Contract
3. 2026-04-16
   listed $219,900 Active
4. 2018-08-02
   soldstatus $150,000 Closed Sale or Rented 670-char remark

   Show marketing remark (670 chars)

   Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

5. 2018-08-02
   soldstatus $150,000

   Show marketing remark (670 chars)

   Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

6. 2018-06-16
   status Under Contract- Do Not Show 670-char remark

   Show marketing remark (670 chars)

   Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

7. 2018-06-07
   historical Continue to Show- Under Contract 670-char remark

   Show marketing remark (670 chars)

   Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

8. 2018-05-29
   price $154,900 670-char remark

   Show marketing remark (670 chars)

   Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

9. 2018-05-22
   status Active 670-char remark

   Show marketing remark (670 chars)

   Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

10. 2018-05-19
    historical Continue to Show- Under Contract 670-char remark

    Show marketing remark (670 chars)

    Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

11. 2018-05-01
    price $159,900 670-char remark

    Show marketing remark (670 chars)

    Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

12. 2018-04-17
    listed $164,900 Active 670-char remark

    Show marketing remark (670 chars)

    Beautifully landscaped "Arts & Crafts" bungalow, maintenance free exterior. Be charmed the minute you walk in. Beautiful natural woodwork with matching replacement windows, hardwood floors, large living room with wood burning fireplace opens to sun porch. Newer country kitchen and higher ceilings make it. An open floor plan, 2 bedrooms and full bath complete the first floor. 2 bedrooms and remodeled full bath on the second floor. Finished room in the lower level, "future man cave". Renovated 2 car garage on a larger home site. S. U. 100% financing, 3 blocks from Ed Smith Elementary School. Walk to S. U. , hospitals, parks and shopping.

13. 2004-03-29
    soldstatus $85,000

ⓘ 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: $1,455 · $121/mo
• Projected year-2 tax: $2,586 · $215/mo
• Expected delta: +$1,131/yr (+$94/mo · 77.7%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°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: $23,805
• − Mortgage interest: −$12,318
• − Property taxes: −$1,455
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,904
• − Management: −$1,904
• − Depreciation: −$6,397
• Taxable loss: −$1,273
• Est. tax savings @ 24.0%: +$306
• After-tax cash flow: $2,719/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
• County: Onondaga County · 247,257 people
• City population: 152,627
• Metro: Syracuse, NY
• Population (ZIP): 19,803
• Household income: $41,738
• Rent vs Own: 70.6% rent · 29.4% own
• Severe rent burden: 2307.0

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 0.61)
• Race & ethnicity: White 58% Black 18% Asian 9% Hispanic / Latino 9% Two or more races 8%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 18% · China, Canada, South Korea
• Languages at home: 78% English-only · Chinese 5% Spanish 4% Other Indo-European 2%

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: ▼ -37.59%
• Current HPI: 378.0277
• Rent YoY: ▲ 11.18%
• Metro: Syracuse, NY
• 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

+158.7% since first listed

13 events — show timeline

• 2026-04-23 Pending — CNYIS
• 2026-04-21 Contingent — CNYIS
• 2026-04-16 Listed $219,900 CNYIS
• 2018-08-02 Sold (Public Records) $150,000 Public Records
• 2018-08-02 Sold (MLS) $150,000 CNYIS
• 2018-06-16 Pending — CNYIS
• 2018-06-07 Contingent — CNYIS
• 2018-05-29 Price Changed $154,900 CNYIS
• 2018-05-22 Relisted — CNYIS
• 2018-05-19 Contingent — CNYIS
• 2018-05-01 Price Changed $159,900 CNYIS
• 2018-04-17 Listed $164,900 CNYIS
• 2004-03-29 Sold (Public Records) $85,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $1,455 · +0.0% YoY. Source: county tax records.