245 Lake Shore Dr EDunkirkNY14048
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 Dunkirk at 245 Lake Shore Dr E, Dunkirk, NY, 14048 uses $38,454 cash to close to unlock $5,306/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $1,217/mo, and a $568/mo payment keeps the spread at $442/mo. Purchase price stands at $116,000, and rental yield measures 12.59% with $1,217/mo rent. Return on cash invested shows 33.71% in year one, and 5% annual appreciation builds toward $32,049 over five years. Five-year ROI reaches 177.62% and total cumulative return in cash records $68,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,217/mo property income covering a $568/mo payment rather than investor’s personal income.
Multi Family
Built in 1902
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14048, Dunkirk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,422 (100%) |
| Owner Occupied HU | 3,793 (51.1%) |
| Renter Occupied HU | 2,688 (36.2%) |
| Vacant Housing Units | 941 (12.7%) |
| Median Home Value | $119,390 |
| Average Home Value | $197,497 |
Housing Distribution
Address Breakdown
Residential
6,378
Single Family
6,058
Multi-Family
320
Businesses
475
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices