166 Ridgewood DrAmherstNY14226
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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 Amherst at 166 Ridgewood Dr, Amherst, NY, 14226 offers a 10.68% rental yield on a $281,000 purchase with $2,500/mo rent. Total monthly income registers $2,500/mo, and a $1,375/mo payment leaves $624/mo available for distribution. Annual cash flow reaches $7,487/yr on $93,152 to close, and return on cash invested stands at 27.95% in year one. Equity gained on principal adds $1,813/yr while 5% annual appreciation supports $77,635 over five years. Portfolio math shows five-year ROI at 146.59% and total cumulative return in cash at $136,547. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,500/mo property income against a $1,375/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
9,099 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14226, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,744 (100%) |
| Owner Occupied HU | 8,892 (64.7%) |
| Renter Occupied HU | 4,105 (29.9%) |
| Vacant Housing Units | 747 ( 5.4%) |
| Median Home Value | $275,790 |
| Average Home Value | $350,919 |
Housing Distribution
Address Breakdown
Residential
12,776
Single Family
11,024
Multi-Family
1,752
Businesses
1,133
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Listed by: Dalton Scalf • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1602580
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