24 Home PlLackawannaNY14218
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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 Lackawanna at 24 Home Pl, Lackawanna, NY, 14218 offers a 9.79% rental yield on a $199,000 purchase with $1,624/mo rent. Total monthly income registers $1,624/mo, and a $974/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,541/yr on $65,969 to close, and return on cash invested stands at 25.28% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 132.36% and total cumulative return in cash at $87,318. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,624/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14218, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,985 (100%) |
| Owner Occupied HU | 4,770 (47.8%) |
| Renter Occupied HU | 4,322 (43.3%) |
| Vacant Housing Units | 893 ( 8.9%) |
| Median Home Value | $172,099 |
| Average Home Value | $247,349 |
Housing Distribution
Address Breakdown
Residential
8,218
Single Family
7,214
Multi-Family
1,004
Businesses
438
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Listed by: Elena Eoannou • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls ID: #B1652898