128 Payne AveNorth TonawandaNY14120
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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 North Tonawanda at 128 Payne Ave, North Tonawanda, NY, 14120 generates $2,244/mo in rent and, after a $1,517/mo payment, leaves $174/mo in cash flow. Total monthly income is $2,244/mo, and annual cash flow is $2,090/yr on $102,765 invested. Return on cash invested sits at 21.94% in year one, and rental yield is 8.69% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 114.43% and total cumulative return in cash sums $117,595. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,244/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
5,279 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14120, North Tonawanda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,283 (100%) |
| Owner Occupied HU | 13,988 (65.7%) |
| Renter Occupied HU | 5,827 (27.4%) |
| Vacant Housing Units | 1,468 ( 6.9%) |
| Median Home Value | $234,436 |
| Average Home Value | $303,156 |
Housing Distribution
Address Breakdown
Residential
19,365
Single Family
17,647
Multi-Family
1,718
Businesses
919
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Listed by: Mustafa Aljassar • REMAX North
Mls Name: NYSAMLSs
Mls ID: #B1620093