23 Hill StLockportNY14094
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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 Lockport at 23 Hill St, Lockport, NY, 14094 priced at $139,900 converts $1,407/mo rent into $473/mo cash flow after a $685/mo obligation. Total monthly income equals $1,407/mo, and annual cash flow totals $5,670/yr on $46,377 invested. Return on cash invested prints 32.14% in year one, and rental yield reads 12.07% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 169.1% and total cumulative return in cash sums $78,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,407/mo property income covering a $685/mo payment, not borrower’s personal income.
Multi Family
Built in 1870
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14094, Lockport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,060 (100%) |
| Owner Occupied HU | 14,886 (64.6%) |
| Renter Occupied HU | 6,623 (28.7%) |
| Vacant Housing Units | 1,551 ( 6.7%) |
| Median Home Value | $208,867 |
| Average Home Value | $254,894 |
Housing Distribution
Address Breakdown
Residential
22,304
Single Family
18,394
Multi-Family
3,910
Businesses
1,178
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