237 Evergreen DrTonawandaNY14150
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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 Tonawanda at 237 Evergreen Dr, Tonawanda, NY, 14150 priced at $249,250 converts $2,540/mo rent into $876/mo cash flow after a $1,220/mo obligation. Total monthly income equals $2,540/mo, and annual cash flow totals $10,506/yr on $82,626 invested. Return on cash invested prints 32.62% in year one, and rental yield reads 12.23% against a $249,250 entry. Equity gained on principal adds $1,608/yr, while 5% annual appreciation compiles into $68,863 by year five. Five-year ROI reaches 171.7% and total cumulative return in cash sums $141,866. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,540/mo property income covering a $1,220/mo payment, not borrower’s personal income.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14150, Tonawanda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,083 (100%) |
| Owner Occupied HU | 13,568 (67.6%) |
| Renter Occupied HU | 5,424 (27.0%) |
| Vacant Housing Units | 1,091 ( 5.4%) |
| Median Home Value | $208,686 |
| Average Home Value | $251,745 |
Housing Distribution
Address Breakdown
Residential
18,997
Single Family
16,657
Multi-Family
2,340
Businesses
1,168
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Listed by: Erin E Murphy-Kubiak • REMAX North
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1616032
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