303 Charlesgate CirEast AmherstNY14051
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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 East Amherst at 303 Charlesgate Cir, East Amherst, NY, 14051 generates $3,908/mo in rent and, after a $1,150/mo payment, leaves $2,044/mo in cash flow. Total monthly income is $3,908/mo, and annual cash flow is $24,529/yr on $77,869 invested. Return on cash invested sits at 51.41% in year one, and rental yield is 19.96% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 274.12% and total cumulative return in cash sums $213,453. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,908/mo property income rather than buyer’s personal income.
Condo
Built in 1973
9,478 sqft lot
$N/A/sqft
$295 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14051, East Amherst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,596 (100%) |
| Owner Occupied HU | 6,814 (79.3%) |
| Renter Occupied HU | 1,453 (16.9%) |
| Vacant Housing Units | 329 ( 3.8%) |
| Median Home Value | $394,038 |
| Average Home Value | $427,004 |
Housing Distribution
Address Breakdown
Residential
8,434
Single Family
7,958
Multi-Family
476
Businesses
505
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Listed by: Danielle Pruitt • Blue Eagle Realty Corp.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1561849
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