144 Wente · Syracuse, NY 13207

$99,900

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 8 Days on market

Built 1929 8,700 sqft lot Est $145k · 31% under

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Why this score? — see what drove the B 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 +27.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +7.1/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Nice 3 bedroom possible 4-bedroom 1 full bath home. Large screened in front porch. Full dining room and living room with fireplace. large yard and 1 car garage. 2nd floor has 2 room but need to walk thru one to get to the other room. Home will need some work to pass loan. NO Power or water on at current time. Will need to be turned on fat buyers' expense to do home inspection or appraisal. With a little work this home will shine. Sold AS-IS to settle estate.

Key facts

• Large yard
• Full dining room
• 2nd floor

Tags

• SCREENED IN FRONT PORCH
• FULL DINING ROOM
• LIVING ROOM WITH FIREPLACE
• LARGE YARD
• 2ND FLOOR

Property features AI

Exterior

• Parking: Detached garage; 1 garage space
• Utilities: Electricity connected (circuit breakers); Public water connected; Sewer connected; Cable available
• Home design: Single-story property; Existing (established) home
• Construction: Shake and wood siding; Copper plumbing; Asphalt architectural shingle roof; Block foundation
• Exterior features: Blacktop driveway; Gravel driveway; Enclosed porch; Porch with screened area; Near public transit; Rectangular residential lot; City street frontage; Lot dimensions approximately 50 x 174

Interior

• Bedrooms: 2 bedrooms on the main level
• Flooring: Hardwood; Resilient flooring; Vinyl; Varied flooring
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Gas forced-air heating
• Interior features: Separate/formal dining room; Entrance foyer; Separate/formal living room; Natural woodwork; Bedroom on main level; Full basement
• Laundry & utility: Laundry located in the basement; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $305 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 10.0% vs local median 8.2% in Syracuse — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: 63 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 616 units permitted in Onondaga County in 2024 (256 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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 + 3.0% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $40k; list at $100k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1929 — 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: 1.21% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.09%
• DSCR: 1.58
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $145,152
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
154 St. Louis Ave	0.13mi	3/2.0 (+1)	936 (+8%)	8mo	$165,000	$176	64
801 Ballantyne Rd	0.36mi	2/1.0	935 (+8%)	11mo	$95,000	$102	60
118 Valley View Dr	0.12mi	2/1.0	748 (-13%)	15mo	$129,000	$172	60
181 Baldwin Ave	0.32mi	2/1.0	792 (-8%)	14mo	$56,700	$72	59
2616 South Ave	0.55mi	3/1.0 (+1)	852 (-1%)	9mo	$172,000	$202	59
125 Saint Louis Ave	0.17mi	3/2.0 (+1)	936 (+8%)	12mo	$165,000	$176	59
179 Baldwin Ave	0.32mi	2/1.0	792 (-8%)	14mo	$66,501	$84	59
177 Baldwin Ave	0.33mi	2/1.0	792 (-8%)	14mo	$61,800	$78	59
116 Berger Ave	0.45mi	2/1.0	982 (+14%)	8mo	$39,000	$40	50
621 W Lafayette Ave	0.59mi	3/1.0 (+1)	972 (+12%)	6mo	$58,000	$60	42
221 Kenmore Ave	0.47mi	3/2.0 (+1)	955 (+10%)	15mo	$160,000	$168	39
229 Kimber Ave	0.54mi	3/2.0 (+1)	960 (+11%)	14mo	$171,500	$179	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.0%
• Equity multiple: 1.12×
• Total profit: $3,232
• Equity at exit: $14,895

10-year hold

• IRR: 12.5%
• Equity multiple: 1.99×
• Total profit: $27,796
• Equity at exit: $8,638

Cash invested: $27,972 (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 13207

• Home prices YoY: -23.0%
• Active inventory: 63
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,204 high
• Mortgage (P&I): −$524
• Tax from tax record: −$81 /mo · $970/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $305

Break-even live

Break-even rent $818

Max offer price $99,900

Occupancy floor 70%

Sensitivity live

Price	-10% $362	-5% $333	+0% $305	+5% $277	+10% $248
Rent	-10% $210	-5% $257	+0% $305	+5% $353	+10% $400
Rate	-1.0pp $355	-0.5pp $330	base $305	+0.5pp $279	+1.0pp $253

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1125 Valley Dr Syracuse, NY	1.0	1.0	600	$1,100	$1.83	44d	1	0.45mi
508-10 W Brighton Ave Syracuse, NY	2.0	1.0	735	$1,350	$1.84	14d	13	0.72mi
4914 W Seneca Tpke Unit 3 Syracuse, NY	1.0	1.0	550	$1,300	$2.36	44d	1	0.91mi
2859 S Salina St Unit 2 Syracuse, NY	2.0	1.0	1000	$1,200	$1.20	44d	1	1.08mi
105 Smith Ln Syracuse, NY	1.0–2.0	1.0	518	$1,450	$2.80	14d	23	1.39mi
409 Stolp Ave Syracuse, NY	1.0–3.0	1.0	849	$1,262	$1.49	14d	5	1.42mi
116 Newbury Hollow Ln Syracuse, NY	1.0–2.0	1.0	825	$1,295	$1.57	14d	7	1.42mi
123 Remington Ave Syracuse, NY	2.0	1.0	679	$1,115	$1.64	21d	1	1.46mi
123 Remington Ave Unit 124-L Syracuse, NY	1.0	1.0	552	$945	$1.71	21d	1	1.46mi
123 Remington Ave Unit 126-E Syracuse, NY	2.0	1.0	679	$1,115	$1.64	44d	1	1.46mi
123 Remington Ave Unit 124-J Syracuse, NY	2.0	1.0	679	$1,065	$1.57	44d	1	1.46mi

Listing history 7 events

1. 2026-06-18
   days on market $99,900 Active 8 DOM
2. 2026-06-17
   days on market $99,900 Active 7 DOM
3. 2026-06-16
   days on market $99,900 Active 6 DOM
4. 2026-06-15
   days on market $99,900 Active 5 DOM
5. 2026-06-14
   days on market $99,900 Active 3 DOM
6. 2026-06-13
   remarks 462-char remark
7. 2026-06-13
   listed $99,900 Active 2 DOM

ⓘ 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: $970 · $81/mo
• Projected year-2 tax: $1,329 · $111/mo
• Expected delta: +$359/yr (+$30/mo · 37.0%)

ⓘ 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 ≥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: $14,452
• − Mortgage interest: −$5,596
• − Property taxes: −$970
• − Insurance: −$500
• − Repairs & maintenance: −$1,156
• − Management: −$1,156
• − Depreciation: −$2,906
• Taxable income: $2,168
• Est. tax owed @ 24.0%: −$520
• After-tax cash flow: $3,140/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): 12,383

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 0.68)
• Race & ethnicity: White 43% Black 33% Hispanic / Latino 17% Two or more races 11% Native American 1% Asian 1%
• Hispanic origin (detail): Puerto Rican 13% Cuban 1%
• Common ancestry: Romanian 3% Lithuanian 1% Slovak 1%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 9% French/Haitian/Cajun 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: ▼ -95.17%
• Current HPI: 318.9257
• 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

+149.8% since first listed

2 events — show timeline

• 2026-06-10 Listed $99,900 CNYIS
• 2002-05-17 Sold (Public Records) $40,000 Public Records

Property tax history

-0.3%/yr

Latest (2025): $970 · +0.0% YoY. Source: county tax records.