251 Main St APT 302BuffaloNY14203
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 251 Main St APT 302, Buffalo, NY, 14203 in Buffalo clears it at 1.71, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.25%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $52,839; $1,761/yr in principal equity; total projected return: $85,590.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $(232) | $450 |
City averages based on Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,474 |
| Total Monthly Debt Service | $1,201 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1873
9,962 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14203, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,610 (100%) |
| Owner Occupied HU | 88 ( 5.5%) |
| Renter Occupied HU | 1,265 (78.6%) |
| Vacant Housing Units | 257 (16.0%) |
| Median Home Value | $281,250 |
| Average Home Value | $361,847 |
Housing Distribution
Address Breakdown
Residential
1,689
Single Family
314
Multi-Family
1,375
Businesses
755
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
Condo
Built in 1873
9,962 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14203, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,610 (100%) |
| Owner Occupied HU | 88 ( 5.5%) |
| Renter Occupied HU | 1,265 (78.6%) |
| Vacant Housing Units | 257 (16.0%) |
| Median Home Value | $281,250 |
| Average Home Value | $361,847 |
Housing Distribution
Address Breakdown
Residential
1,689
Single Family
314
Multi-Family
1,375
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices