1040 Reserve Rd APT 3BuffaloNY14224
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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
Investment property for sale in Buffalo at 1040 Reserve Rd APT 3, Buffalo, NY, 14224 listed at $137,500 pairs $1,084/mo rent with a $673/mo payment. Total monthly income runs $1,084/mo. Return on cash invested measures 16.77% in year one, and rental yield registers 9.46% at a $137,500 basis. Equity gained on principal adds $887/yr, and annual property appreciation at 5% supports $37,989 by year five. Five-year ROI tracks 89.39% and total cumulative return in cash totals $40,745. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,084/mo property income relative to a $673/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
435.60 sqft lot
$N/A/sqft
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14224, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,712 (100%) |
| Owner Occupied HU | 13,319 (71.2%) |
| Renter Occupied HU | 4,397 (23.5%) |
| Vacant Housing Units | 996 ( 5.3%) |
| Median Home Value | $255,098 |
| Average Home Value | $291,278 |
Housing Distribution
Address Breakdown
Residential
18,223
Single Family
15,508
Multi-Family
2,715
Businesses
1,195
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Listed by: Nicholas M Lunetta • MJ Peterson Real Estate Inc.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1587578
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