138 62nd StNiagara FallsNY14304
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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 Niagara Falls at 138 62nd St, Niagara Falls, NY, 14304 uses $64,609 cash to close to unlock $6,413/yr annual cash flow and $534/mo monthly cash flow. Total monthly income runs $1,836/mo, and a $954/mo payment keeps the spread at $534/mo. Purchase price stands at $194,900, and rental yield measures 11.3% with $1,836/mo rent. Return on cash invested shows 29.84% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 156.76% and total cumulative return in cash records $101,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,836/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1954
4,399 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14304, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,949 (100%) |
| Owner Occupied HU | 9,104 (65.3%) |
| Renter Occupied HU | 3,850 (27.6%) |
| Vacant Housing Units | 995 ( 7.1%) |
| Median Home Value | $200,125 |
| Average Home Value | $284,670 |
Housing Distribution
Address Breakdown
Residential
13,148
Single Family
11,811
Multi-Family
1,337
Businesses
1,148
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Listed by: Devon R Betteridge • 716 Realty Group WNY LLC
Mls Name: NYSAMLSs
Mls ID: #B1647859