1670 Lockport StBurtNY14028
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
Rental property for sale in Burt at 1670 Lockport St, Burt, NY, 14028 offers $3,270/mo rent that, after a $1,664/mo payment, leaves $1,000/mo cash flow. Total monthly income is $3,270/mo, and annual cash flow is $11,998/yr on $112,677 cash. Return on cash invested measures 30.56% in year one, and rental yield stands at 11.54% at a $339,900 entry. Equity gained on principal adds $2,193/yr while 5% annual appreciation compounds into $93,908 by year five. Five-year ROI records 160.58% and total cumulative return in cash reaches $180,935. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,270/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14028, Burt, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 857 (100%) |
| Owner Occupied HU | 562 (65.6%) |
| Renter Occupied HU | 120 (14.0%) |
| Vacant Housing Units | 175 (20.4%) |
| Median Home Value | $235,135 |
| Average Home Value | $261,366 |
Housing Distribution
Address Breakdown
Residential
627
Single Family
627
Multi-Family
0
Businesses
19
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Nearby investment properties with comparable prices
Listed by: Marcy Dexheimer Wangelin • Towne Housing Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1580268
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