144 E Milnor AveLackawannaNY14218
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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 Lackawanna at 144 E Milnor Ave, Lackawanna, NY, 14218 uses $69,284 cash to close to unlock $6,723/yr annual cash flow and $560/mo monthly cash flow. Total monthly income runs $1,956/mo, and a $1,023/mo payment keeps the spread at $560/mo. Purchase price stands at $209,000, and rental yield measures 11.23% with $1,956/mo rent. Return on cash invested shows 29.61% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 155.57% and total cumulative return in cash records $107,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,270 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14218, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,985 (100%) |
| Owner Occupied HU | 4,770 (47.8%) |
| Renter Occupied HU | 4,322 (43.3%) |
| Vacant Housing Units | 893 ( 8.9%) |
| Median Home Value | $172,099 |
| Average Home Value | $247,349 |
Housing Distribution
Address Breakdown
Residential
8,218
Single Family
7,214
Multi-Family
1,004
Businesses
438
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Listed by: Patricia Manns • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls ID: #B1653098