251 Main St APT 402BuffaloNY14203
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 251 Main St APT 402, Buffalo, NY, 14203 in Buffalo speaks for itself: 13.43% gross on a $191,250 price, generating $2,141/mo in rent and $548/mo in net income after the $860/mo debt service. DSCR 2.49, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,572 stacks alongside $52,839 in projected five-year appreciation and $1,761/yr in principal reduction. Projected total cumulative return: $109,554.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.4% | 6.5% |
| Monthly Cash Flow | $548 | $450 |
City averages based on Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,141 |
| Total Monthly Debt Service | $1,517 |
| DSCR Ratio | 1.41x |
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
$316 monthly 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
$316 monthly 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