1111 Elmwood Ave #209BuffaloNY14222
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 1111 Elmwood Ave #209, Buffalo, NY, 14222 in Buffalo the bet is firmly on appreciation. Rental yield 3.36%. The 3.36% gross yield on a $670,950 price is below income-first thresholds, but 5%/yr value growth projects $185,371 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.62) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $24,254.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.4% | 6.5% |
| Monthly Cash Flow | $(3,671) | $450 |
City averages based on Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,880 |
| Total Monthly Debt Service | $5,285 |
| DSCR Ratio | 0.36x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2022
1.25 Acres lot
$N/A/sqft
$1,071 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14222, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 2,328 (28.5%) |
| Renter Occupied HU | 5,019 (61.5%) |
| Vacant Housing Units | 808 ( 9.9%) |
| Median Home Value | $475,544 |
| Average Home Value | $513,244 |
Housing Distribution
Address Breakdown
Residential
6,560
Single Family
4,246
Multi-Family
2,314
Businesses
326
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2022
1.25 Acres lot
$N/A/sqft
$1,071 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14222, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 2,328 (28.5%) |
| Renter Occupied HU | 5,019 (61.5%) |
| Vacant Housing Units | 808 ( 9.9%) |
| Median Home Value | $475,544 |
| Average Home Value | $513,244 |
Housing Distribution
Address Breakdown
Residential
6,560
Single Family
4,246
Multi-Family
2,314
Businesses
326
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices