205 Covington DrBuffaloNY14220
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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 Buffalo at 205 Covington Dr, Buffalo, NY, 14220 offers $2,335/mo rent that, after a $1,272/mo payment, leaves $600/mo cash flow. Total monthly income is $2,335/mo, and annual cash flow is $7,194/yr on $86,157 cash. Return on cash invested measures 28.26% in year one, and rental yield stands at 10.78% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 148.28% and total cumulative return in cash reaches $127,750. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,335/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,794 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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