246 Lorfield DrAmherstNY14226
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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 Amherst at 246 Lorfield Dr, Amherst, NY, 14226 uses $114,334 cash to close to unlock $10,379/yr annual cash flow and $865/mo monthly cash flow. Total monthly income runs $3,168/mo, and a $1,688/mo payment keeps the spread at $865/mo. Purchase price stands at $344,900, and rental yield measures 11.02% with $3,168/mo rent. Return on cash invested shows 28.99% in year one, and 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 152.15% and total cumulative return in cash records $173,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,168/mo property income covering a $1,688/mo payment rather than investor’s personal income.
Single Family
Built in 1952
9,565 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14226, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,744 (100%) |
| Owner Occupied HU | 8,892 (64.7%) |
| Renter Occupied HU | 4,105 (29.9%) |
| Vacant Housing Units | 747 ( 5.4%) |
| Median Home Value | $275,790 |
| Average Home Value | $350,919 |
Housing Distribution
Address Breakdown
Residential
12,776
Single Family
11,024
Multi-Family
1,752
Businesses
1,133
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