249 N Meadowbrook PkwyCheektowagaNY14206
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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 Cheektowaga at 249 N Meadowbrook Pkwy, Cheektowaga, NY, 14206 offers a 10.87% rental yield on a $199,999 purchase with $1,812/mo rent. Total monthly income registers $1,812/mo, and a $979/mo payment leaves $476/mo available for distribution. Annual cash flow reaches $5,716/yr on $66,300 to close, and return on cash invested stands at 28.53% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 149.75% and total cumulative return in cash at $99,284. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,812/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,098 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
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Listed by: Aaron Spinnegan • Howard Hanna WNY Inc.
Mls Name: NYSAMLSs
Mls ID: #B1655580