120 Old Lyme Dr APT 3AmherstNY14221
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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 Amherst at 120 Old Lyme Dr APT 3, Amherst, NY, 14221 uses $56,024 cash to close to unlock $17,359/yr annual cash flow and $1,447/mo monthly cash flow. Total monthly income runs $2,940/mo, and a $827/mo payment keeps the spread at $1,447/mo. Purchase price stands at $169,000, and rental yield measures 20.88% with $2,940/mo rent. Return on cash invested shows 50.89% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 272.51% and total cumulative return in cash records $152,671. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,940/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 1969
4.50 Acres lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14221, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,108 (100%) |
| Owner Occupied HU | 17,359 (69.1%) |
| Renter Occupied HU | 6,235 (24.8%) |
| Vacant Housing Units | 1,514 ( 6.0%) |
| Median Home Value | $342,209 |
| Average Home Value | $378,674 |
Housing Distribution
Address Breakdown
Residential
24,019
Single Family
19,051
Multi-Family
4,968
Businesses
2,271
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Listed by: Amy Triplet • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1547645
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