185 Greengage CirEast AmherstNY14051
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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
Rental property for sale in East Amherst at 185 Greengage Cir, East Amherst, NY, 14051 priced at $359,900 converts $2,549/mo rent into $145/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $1,742/yr on $119,307 invested. Return on cash invested prints 21.37% in year one, and rental yield reads 8.5% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 111.34% and total cumulative return in cash sums $132,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1985
8,908 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14051, East Amherst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,596 (100%) |
| Owner Occupied HU | 6,814 (79.3%) |
| Renter Occupied HU | 1,453 (16.9%) |
| Vacant Housing Units | 329 ( 3.8%) |
| Median Home Value | $394,038 |
| Average Home Value | $427,004 |
Housing Distribution
Address Breakdown
Residential
8,434
Single Family
7,958
Multi-Family
476
Businesses
505
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Listed by: Andrea L Griebner • Howard Hanna WNY Inc.
Mls Name: NYSAMLSs
Mls ID: #B1621276