2945 Michigan AveNiagara FallsNY14305
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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
Rental property for sale in Niagara Falls at 2945 Michigan Ave, Niagara Falls, NY, 14305 generates $1,959/mo in rent and, after a $1,125/mo payment, leaves $424/mo in cash flow. Total monthly income is $1,959/mo, and annual cash flow is $5,088/yr on $76,212 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 10.23% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 139.36% and total cumulative return in cash sums $106,211. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,959/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14305, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,035 (100%) |
| Owner Occupied HU | 3,874 (48.2%) |
| Renter Occupied HU | 3,182 (39.6%) |
| Vacant Housing Units | 979 (12.2%) |
| Median Home Value | $158,333 |
| Average Home Value | $261,001 |
Housing Distribution
Address Breakdown
Residential
6,891
Single Family
6,391
Multi-Family
500
Businesses
363
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Listed by: Jessica Laurendi • Howard Hanna WNY Inc
Mls Name: NYSAMLSs
Mls ID: #B1657904