243 Edgewood AveBuffaloNY14223
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
Rental property for sale in Buffalo at 243 Edgewood Ave, Buffalo, NY, 14223 offers $1,727/mo rent that, after a $1,076/mo payment, leaves $259/mo cash flow. Total monthly income is $1,727/mo, and annual cash flow is $3,106/yr on $72,897 cash. Return on cash invested measures 24.17% in year one, and rental yield stands at 9.42% at a $219,900 entry. Equity gained on principal adds $1,419/yr while 5% annual appreciation compounds into $60,754 by year five. Five-year ROI records 126.33% and total cumulative return in cash reaches $92,092. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,727/mo property income versus a $1,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
5,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14223, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,771 (100%) |
| Owner Occupied HU | 7,853 (72.9%) |
| Renter Occupied HU | 2,386 (22.2%) |
| Vacant Housing Units | 532 ( 4.9%) |
| Median Home Value | $232,989 |
| Average Home Value | $285,207 |
Housing Distribution
Address Breakdown
Residential
10,017
Single Family
9,361
Multi-Family
656
Businesses
389
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