178 Lockwood AveBuffaloNY14220
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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 Buffalo at 178 Lockwood Ave, Buffalo, NY, 14220 uses $71,273 cash to close to unlock $2,995/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,685/mo, and a $1,052/mo payment keeps the spread at $250/mo. Purchase price stands at $215,000, and rental yield measures 9.4% with $1,685/mo rent. Return on cash invested shows 24.11% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 126.04% and total cumulative return in cash records $89,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,685/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14220, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,383 (100%) |
| Owner Occupied HU | 6,486 (57.0%) |
| Renter Occupied HU | 3,937 (34.6%) |
| Vacant Housing Units | 960 ( 8.4%) |
| Median Home Value | $207,577 |
| Average Home Value | $272,914 |
Housing Distribution
Address Breakdown
Residential
9,537
Single Family
9,308
Multi-Family
229
Businesses
403
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