166 Michigan StLockportNY14094
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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 Lockport at 166 Michigan St, Lockport, NY, 14094 with 5% annual appreciation on a $109,900 basis while $1,192/mo rent supports operations. Total monthly income totals $1,192/mo and a $538/mo payment preserves $458/mo for cash returns. Annual cash flow comes to $5,496/yr on $36,432 deployed, and return on cash invested reaches 35% in year one. Equity gained on principal adds $709/yr, and five-year appreciation sums $30,363 alongside rental yield of 13.02%. Five-year ROI measures 184.56% and total cumulative return in cash totals $67,240.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,192/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1944
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14094, Lockport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,060 (100%) |
| Owner Occupied HU | 14,886 (64.6%) |
| Renter Occupied HU | 6,623 (28.7%) |
| Vacant Housing Units | 1,551 ( 6.7%) |
| Median Home Value | $208,867 |
| Average Home Value | $254,894 |
Housing Distribution
Address Breakdown
Residential
22,304
Single Family
18,394
Multi-Family
3,910
Businesses
1,178
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