34 Steele CirNiagara FallsNY14304
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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
Investment property for sale in Niagara Falls at 34 Steele Cir, Niagara Falls, NY, 14304 with 5% annual appreciation on a $149,900 basis while $1,138/mo rent supports operations. Total monthly income totals $1,138/mo and a $734/mo payment preserves $137/mo for cash returns. Annual cash flow comes to $1,640/yr on $49,692 deployed, and return on cash invested reaches 23.21% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.11%. Five-year ROI measures 121.22% and total cumulative return in cash totals $60,239.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,138/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1970
69.70 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14304, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,949 (100%) |
| Owner Occupied HU | 9,104 (65.3%) |
| Renter Occupied HU | 3,850 (27.6%) |
| Vacant Housing Units | 995 ( 7.1%) |
| Median Home Value | $200,125 |
| Average Home Value | $284,670 |
Housing Distribution
Address Breakdown
Residential
13,148
Single Family
11,811
Multi-Family
1,337
Businesses
1,148
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Listed by: Jason Hugar • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls ID: #B1648239