1651 Charlesgate Cir #1651East AmherstNY14051
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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 East Amherst at 1651 Charlesgate Cir #1651, East Amherst, NY, 14051 offers a 8.26% rental yield on a $249,900 purchase with $1,720/mo rent. Total monthly income registers $1,720/mo, and a $1,223/mo payment leaves $51/mo available for distribution. Annual cash flow reaches $616/yr on $82,842 to close, and return on cash invested stands at 20.65% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 107.51% and total cumulative return in cash at $89,066. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,720/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14051, East Amherst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,596 (100%) |
| Owner Occupied HU | 6,814 (79.3%) |
| Renter Occupied HU | 1,453 (16.9%) |
| Vacant Housing Units | 329 ( 3.8%) |
| Median Home Value | $394,038 |
| Average Home Value | $427,004 |
Housing Distribution
Address Breakdown
Residential
8,434
Single Family
7,958
Multi-Family
476
Businesses
505
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Listed by: Cathy Brown • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls ID: #B1658313