117 Covington RdBuffaloNY14216
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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
Investment Highlights
Rental property for sale in Buffalo at 117 Covington Rd, Buffalo, NY, 14216 offers $3,779/mo rent that, after a $880/mo payment, leaves $2,579/mo cash flow. Total monthly income is $3,779/mo, and annual cash flow is $30,942/yr on $59,576 cash. Return on cash invested measures 71.85% in year one, and rental yield stands at 25.23% at a $179,717 entry. Equity gained on principal adds $1,160/yr while 5% annual appreciation compounds into $49,652 by year five. Five-year ROI records 382.02% and total cumulative return in cash reaches $227,592. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,779/mo property income versus a $880/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14216, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,091 (100%) |
| Owner Occupied HU | 4,982 (41.2%) |
| Renter Occupied HU | 6,120 (50.6%) |
| Vacant Housing Units | 989 ( 8.2%) |
| Median Home Value | $299,939 |
| Average Home Value | $348,401 |
Housing Distribution
Address Breakdown
Residential
10,187
Single Family
8,802
Multi-Family
1,385
Businesses
554
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Listed by: Carmen Y Billups • Howard Hanna WNY Inc.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1561242
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