2247 Grand AveNiagara FallsNY14301
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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 2247 Grand Ave, Niagara Falls, NY, 14301 earns $391/mo cash flow from $1,519/mo rent with a $827/mo payment. Total monthly income totals $1,519/mo, and annual cash flow totals $4,687/yr on $56,024 capital. ROI tracks 28.28% on current figures, and rental yield reads 10.79% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 148.36% and total cumulative return in cash sums $83,119. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,519/mo property income instead of your personal income.
Multi Family
Built in 1932
4,373 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14301, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,029 (100%) |
| Owner Occupied HU | 1,770 (25.2%) |
| Renter Occupied HU | 3,681 (52.4%) |
| Vacant Housing Units | 1,578 (22.4%) |
| Median Home Value | $78,972 |
| Average Home Value | $163,034 |
Housing Distribution
Address Breakdown
Residential
4,902
Single Family
4,400
Multi-Family
502
Businesses
344
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Listed by: Thejan Kodituwakku • Keller Williams Realty WNY
Mls Name: NYSAMLSs
Mls ID: #B1658748