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Buy a rental in Syracuse, Utah: current rents, cap rates, which neighborhoods actually cash flow, and what management costs.
Ondo pairs neighborhood-level pricing, prep, and negotiation support with the realities of a $465K median home market in Syracuse.
Nearby Coverage
Syracuse's rental market presents a compelling investment opportunity. With a median home price of $465,000 and median rent of $1,550/month, the gross rent multiplier sits at approximately 25.0×, meaning the purchase price represents roughly 25.0 years of gross rental income. Population growth of 3.8% annually, driven by employers like Davis School District and Hill Air Force Base, supports sustained rental demand. With 18% of Syracuse households renting, the tenant pool is established and active. We help investors identify properties that generate positive cash flow from day one and build long-term equity in Syracuse's appreciating market.
Syracuse residents get postcard sunsets over the Great Salt Lake and Antelope Island as a daily bonus. Morning commutes run to Hill AFB (10 min), Clearfield FrontRunner station (10 min), or I-15 south toward SLC. The city's park system and summer splash pad see heavy after-work use. The Antelope Island causeway is a popular weekend cycling and wildlife-viewing destination, bison, pronghorn, and migratory birds are regular sights. New restaurants along Antelope Drive are finally giving residents local dining options. Syracuse Days in August is a community celebration with a rodeo, parade, and outdoor concert.
Median Home Price
$465K
Median Rent
$1,550/mo
Population
34,000
Annual Growth
3.8%
Avg Days on Market
25
Owner-Occupied
82%
Ondo city medians as of Aug 2026 — verify. Not an MLS pull, appraisal, BPO, or CMA. Population and annual growth are approximate and are not tied to a named public source here. Check the U.S. Census Bureau for official figures.
We define your target returns, budget, preferred property type, and management expectations. Whether you're buying your first rental or adding to a portfolio, we tailor the search to your investment thesis.
For every property we present, you get a cash flow analysis including purchase price, down payment, financing costs, projected rent, operating expenses (vacancy, maintenance, insurance, taxes, management), and net yield. No surprises.
Once you close, our property management team takes over: marketing, tenant placement, rent collection, maintenance, and reporting. You get passive income without the daily operational burden.
School District: Davis School District
Notable schools: Syracuse High School, Syracuse Elementary, Bluff Ridge Elementary
Fast-growing lakeside community with the Antelope Island causeway as its western gateway.
Outdoor Activities
Local Landmarks
Returns vary by property, financing, and management approach. In the current market, cash-on-cash returns for a well-purchased rental property typically range from 4–8% before appreciation. Cap rates for single-family rentals generally run 4–6%. Total returns including appreciation, principal paydown, and tax benefits can exceed 12–15% annually. We provide property-specific pro forma analysis so you know exactly what to expect before making an offer.
Investment property loans typically require 15–25% down for a single-family rental and 25% for 2–4 unit properties. Some portfolio lenders offer 10% down for strong borrowers. DSCR (debt service coverage ratio) loans are available for investors who prefer to qualify based on the property's rental income rather than personal income. We help you structure financing that preserves capital for multiple acquisitions.
It depends on your time, proximity, and number of properties. Self-management saves the management fee (typically 8–10% of rent) but requires you to handle tenant calls, maintenance coordination, rent collection, and legal compliance. As your portfolio grows past 2–3 units, the time investment usually exceeds the management fee savings. Our property management service handles everything from day one.
A 1031 exchange lets you defer capital gains taxes when you sell an investment property and reinvest the proceeds into a like-kind replacement property. Strict timelines apply: 45 days to identify replacement properties and 180 days to close. We coordinate with qualified intermediaries and help you identify replacement properties that improve your portfolio's cash flow and appreciation potential.
The Great Salt Lake views from western Syracuse can be a selling point, though the occasional brine shrimp odor in late summer tempers enthusiasm. Properties with unobstructed lake and mountain views command a premium, particularly in Bluff Estates and lakeside communities. The Antelope Island causeway provides unique recreational access, biking, wildlife viewing, and beach use, that tenants value. The key is managing expectations around the seasonal odor while marketing the genuine lifestyle benefits of lakeside living.
Syracuse has significant entitled land on its western frontier, and builders are active. New homes entering the rental market can create short-term competition, particularly in the townhome segment. However, Syracuse's population growth rate has generally matched or exceeded new supply, maintaining healthy occupancy rates. Investors in existing properties should stay competitive on finishes and pricing, a 2010-build rental that looks dated next to a 2024 new build will struggle to hold tenants.
Syracuse historically lacked local retail and dining, forcing residents to drive to Layton or Clearfield. That's changing with the Antelope Drive commercial development, which has brought grocery stores, restaurants, and service businesses. The city also has excellent parks, a splash pad, and access to the Legacy Trail for cycling and running. The Jensen Nature Park provides wetland trails and birdwatching. For more extensive shopping and entertainment, Layton Hills Mall is a 10-minute drive.
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