2473 Elmwood AveBuffaloNY14217
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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 Buffalo at 2473 Elmwood Ave, Buffalo, NY, 14217 listed at $1,850,000 pairs $1,620/mo rent with a $9,055/mo payment. Total monthly income runs $1,620/mo. Return on cash invested measures -1.12% in year one, and rental yield registers 1.05% at a $1,850,000 basis. Equity gained on principal adds $11,938/yr, and annual property appreciation at 5% supports $511,121 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,620/mo property income relative to a $9,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1970
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14217, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,235 (100%) |
| Owner Occupied HU | 6,827 (60.8%) |
| Renter Occupied HU | 3,737 (33.3%) |
| Vacant Housing Units | 671 ( 6.0%) |
| Median Home Value | $217,432 |
| Average Home Value | $309,655 |
Housing Distribution
Address Breakdown
Residential
10,196
Single Family
8,784
Multi-Family
1,412
Businesses
685
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