196 Ward RdNorth TonawandaNY14120
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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 North Tonawanda at 196 Ward Rd, North Tonawanda, NY, 14120 priced at $199,999 converts $1,603/mo rent into $267/mo cash flow after a $979/mo obligation. Total monthly income equals $1,603/mo, and annual cash flow totals $3,208/yr on $66,300 invested. Return on cash invested prints 24.75% in year one, and rental yield reads 9.62% against a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 129.46% and total cumulative return in cash sums $85,832. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,603/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14120, North Tonawanda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,283 (100%) |
| Owner Occupied HU | 13,988 (65.7%) |
| Renter Occupied HU | 5,827 (27.4%) |
| Vacant Housing Units | 1,468 ( 6.9%) |
| Median Home Value | $234,436 |
| Average Home Value | $303,156 |
Housing Distribution
Address Breakdown
Residential
19,365
Single Family
17,647
Multi-Family
1,718
Businesses
919
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Listed by: Benjamin Domagala • Own NY Real Estate LLC
Mls Name: NYSAMLSs
Mls ID: #B1622628