30 Joanie LnAmherstNY14228
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
Rental property for sale in Amherst at 30 Joanie Ln, Amherst, NY, 14228 priced at $324,000 converts $3,395/mo rent into $1,231/mo cash flow after a $1,586/mo obligation. Total monthly income equals $3,395/mo, and annual cash flow totals $14,774/yr on $107,406 invested. Return on cash invested prints 33.66% in year one, and rental yield reads 12.57% against a $324,000 entry. Equity gained on principal adds $2,091/yr, while 5% annual appreciation compiles into $89,515 by year five. Five-year ROI reaches 177.29% and total cumulative return in cash sums $190,415. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,395/mo property income covering a $1,586/mo payment, not borrower’s personal income.
Single Family
Built in 1968
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14228, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,085 (100%) |
| Owner Occupied HU | 4,665 (42.1%) |
| Renter Occupied HU | 5,604 (50.6%) |
| Vacant Housing Units | 816 ( 7.4%) |
| Median Home Value | $293,883 |
| Average Home Value | $351,771 |
Housing Distribution
Address Breakdown
Residential
10,612
Single Family
7,393
Multi-Family
3,219
Businesses
727
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Listed by: James J Beamer • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1603263
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