169 61st StNiagara FallsNY14304
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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 Niagara Falls at 169 61st St, Niagara Falls, NY, 14304 offers a 12.16% rental yield on a $189,900 purchase with $1,924/mo rent. Total monthly income registers $1,924/mo, and a $929/mo payment leaves $656/mo available for distribution. Annual cash flow reaches $7,876/yr on $62,952 to close, and return on cash invested stands at 32.42% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 170.61% and total cumulative return in cash at $107,405. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,924/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,399 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14304, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,949 (100%) |
| Owner Occupied HU | 9,104 (65.3%) |
| Renter Occupied HU | 3,850 (27.6%) |
| Vacant Housing Units | 995 ( 7.1%) |
| Median Home Value | $200,125 |
| Average Home Value | $284,670 |
Housing Distribution
Address Breakdown
Residential
13,148
Single Family
11,811
Multi-Family
1,337
Businesses
1,148
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Listed by: Liana Buscaglia • Keller Williams Realty WNY
Mls Name: NYSAMLSs
Mls ID: #B1649286