15 Monroe StLackawannaNY14218
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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 15 Monroe St, Lackawanna, NY, 14218 uses $39,780 cash to close to unlock $4,824/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $1,203/mo, and a $587/mo payment keeps the spread at $402/mo. Purchase price stands at $119,999, and rental yield measures 12.03% with $1,203/mo rent. Return on cash invested shows 32.04% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 168.5% and total cumulative return in cash records $67,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,203/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
6,481 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: Haza Taha • MJ Peterson Real Estate Inc.
Mls Name: NYSAMLSs
Mls ID: #B1656782