16 Wallace AveCheektowagaNY14227
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cheektowaga at 16 Wallace Ave, Cheektowaga, NY, 14227 earns $143/mo cash flow from $1,077/mo rent with a $685/mo payment. Total monthly income totals $1,077/mo, and annual cash flow totals $1,710/yr on $46,377 capital. ROI tracks 23.6% on current figures, and rental yield reads 9.24% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 123.33% and total cumulative return in cash sums $57,195. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,077/mo property income instead of your personal income.
Single Family
Built in 1957
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14227, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,533 (100%) |
| Owner Occupied HU | 7,068 (61.3%) |
| Renter Occupied HU | 3,847 (33.4%) |
| Vacant Housing Units | 618 ( 5.4%) |
| Median Home Value | $220,172 |
| Average Home Value | $270,147 |
Housing Distribution
Address Breakdown
Residential
10,839
Single Family
8,355
Multi-Family
2,484
Businesses
465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Enas L Latif • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls ID: #B1659318