1366 Michigan AveBuffaloNY14209
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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 Buffalo at 1366 Michigan Ave, Buffalo, NY, 14209 uses $56,355 cash to close to unlock $22,606/yr annual cash flow and $1,884/mo monthly cash flow. Total monthly income runs $3,019/mo, and a $832/mo payment keeps the spread at $1,884/mo. Purchase price stands at $170,000, and rental yield measures 21.31% with $3,019/mo rent. Return on cash invested shows 60.02% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 318.59% and total cumulative return in cash records $179,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,019/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1890
4,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14209, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,862 (100%) |
| Owner Occupied HU | 929 (19.1%) |
| Renter Occupied HU | 3,228 (66.4%) |
| Vacant Housing Units | 705 (14.5%) |
| Median Home Value | $432,500 |
| Average Home Value | $452,449 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
2,032
Multi-Family
2,636
Businesses
312
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