242 Ideal StBuffaloNY14206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 242 Ideal St, Buffalo, NY, 14206 uses $62,090 cash to close to unlock $3,876/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $1,574/mo, and a $917/mo payment keeps the spread at $323/mo. Purchase price stands at $187,300, and rental yield measures 10.08% with $1,574/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $51,748 over five years. Five-year ROI reaches 136.94% and total cumulative return in cash records $85,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,574/mo property income covering a $917/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
3,449 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices