24 Hobart StBuffaloNY14206
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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 24 Hobart St, Buffalo, NY, 14206 priced at $140,000 converts $1,701/mo rent into $766/mo cash flow after a $685/mo obligation. Total monthly income equals $1,701/mo, and annual cash flow totals $9,196/yr on $46,410 invested. Return on cash invested prints 39.72% in year one, and rental yield reads 14.58% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 209.82% and total cumulative return in cash sums $97,378. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,701/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1880
3,811 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14206, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,906 (100%) |
| Owner Occupied HU | 5,227 (47.9%) |
| Renter Occupied HU | 4,261 (39.1%) |
| Vacant Housing Units | 1,418 (13.0%) |
| Median Home Value | $118,167 |
| Average Home Value | $203,335 |
Housing Distribution
Address Breakdown
Residential
8,536
Single Family
8,334
Multi-Family
202
Businesses
607
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