2615 Ferry AveNiagara FallsNY14301
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
Investment Highlights
Investment property for sale in Niagara Falls at 2615 Ferry Ave, Niagara Falls, NY, 14301 listed at $126,900 pairs $1,498/mo rent with a $621/mo payment to leave $651/mo cash flow. Total monthly income runs $1,498/mo, and annual cash flow reaches $7,808/yr on $42,067 cash to close. Return on cash invested measures 38.47% in year one, and rental yield registers 14.17% at a $126,900 basis. Equity gained on principal adds $819/yr, and annual property appreciation at 5% supports $35,060 by year five. Five-year ROI tracks 203.05% and total cumulative return in cash totals $85,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,498/mo property income relative to a $621/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1926
2,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14301, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,029 (100%) |
| Owner Occupied HU | 1,770 (25.2%) |
| Renter Occupied HU | 3,681 (52.4%) |
| Vacant Housing Units | 1,578 (22.4%) |
| Median Home Value | $78,972 |
| Average Home Value | $163,034 |
Housing Distribution
Address Breakdown
Residential
4,902
Single Family
4,400
Multi-Family
502
Businesses
344
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frederick P Blue III • Great Lakes Real Estate Inc.
Mls Name: NYSAMLSs
Mls ID: #B1642867