1 Astor Ridge Dr APT BAmherstNY14228
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Amherst at 1 Astor Ridge Dr APT B, Amherst, NY, 14228 offers $2,590/mo rent that, after a $1,664/mo payment, leaves $320/mo cash flow. Total monthly income is $2,590/mo, and annual cash flow is $3,838/yr on $112,677 cash. Return on cash invested measures 23.32% in year one, and rental yield stands at 9.14% at a $339,900 entry. Equity gained on principal adds $2,193/yr while 5% annual appreciation compounds into $93,908 by year five. Five-year ROI records 121.75% and total cumulative return in cash reaches $137,183. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,590/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2001
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14228, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,085 (100%) |
| Owner Occupied HU | 4,665 (42.1%) |
| Renter Occupied HU | 5,604 (50.6%) |
| Vacant Housing Units | 816 ( 7.4%) |
| Median Home Value | $293,883 |
| Average Home Value | $351,771 |
Housing Distribution
Address Breakdown
Residential
10,612
Single Family
7,393
Multi-Family
3,219
Businesses
727
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