240 Okell StBuffaloNY14220
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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 240 Okell St, Buffalo, NY, 14220 priced at $118,900 converts $1,870/mo rent into $1,076/mo cash flow after a $582/mo obligation. Total monthly income equals $1,870/mo, and annual cash flow totals $12,912/yr on $39,415 invested. Return on cash invested prints 52.67% in year one, and rental yield reads 18.87% against a $118,900 entry. Equity gained on principal adds $767/yr, while 5% annual appreciation compiles into $32,850 by year five. Five-year ROI reaches 279.11% and total cumulative return in cash sums $110,014. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,870/mo property income covering a $582/mo payment, not borrower’s personal income.
Multi Family
Built in 1948
5,636 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14220, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,383 (100%) |
| Owner Occupied HU | 6,486 (57.0%) |
| Renter Occupied HU | 3,937 (34.6%) |
| Vacant Housing Units | 960 ( 8.4%) |
| Median Home Value | $207,577 |
| Average Home Value | $272,914 |
Housing Distribution
Address Breakdown
Residential
9,537
Single Family
9,308
Multi-Family
229
Businesses
403
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