231 Richmond AveBuffaloNY14222
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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 Buffalo at 231 Richmond Ave, Buffalo, NY, 14222 earns $237/mo cash flow from $2,040/mo rent with a $1,322/mo payment. Total monthly income totals $2,040/mo, and annual cash flow totals $2,838/yr on $89,505 capital. ROI tracks 23.08% on current figures, and rental yield reads 9.07% at a $270,000 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 over five years. Five-year ROI reaches 120.5% and total cumulative return in cash sums $107,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,040/mo property income instead of your personal income.
Condo
Built in 1994
1,197 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14222, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 2,328 (28.5%) |
| Renter Occupied HU | 5,019 (61.5%) |
| Vacant Housing Units | 808 ( 9.9%) |
| Median Home Value | $475,544 |
| Average Home Value | $513,244 |
Housing Distribution
Address Breakdown
Residential
6,560
Single Family
4,246
Multi-Family
2,314
Businesses
326
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