1308 South AveNiagara FallsNY14305
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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 Niagara Falls at 1308 South Ave, Niagara Falls, NY, 14305 priced at $223,000 converts $1,393/mo rent into after a $1,091/mo obligation. Total monthly income equals $1,393/mo. Return on cash invested prints 18.36% in year one, and rental yield reads 7.5% against a $223,000 entry. Equity gained on principal adds $1,439/yr, while 5% annual appreciation compiles into $61,611 by year five. Five-year ROI reaches 95.18% and total cumulative return in cash sums $70,361. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,393/mo property income covering a $1,091/mo payment, not borrower’s personal income.
Multi Family
Built in 1912
2,879 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14305, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,035 (100%) |
| Owner Occupied HU | 3,874 (48.2%) |
| Renter Occupied HU | 3,182 (39.6%) |
| Vacant Housing Units | 979 (12.2%) |
| Median Home Value | $158,333 |
| Average Home Value | $261,001 |
Housing Distribution
Address Breakdown
Residential
6,891
Single Family
6,391
Multi-Family
500
Businesses
363
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Listed by: Awais Rehman • Red Door Real Estate WNY LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1595205
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