341 15th StBuffaloNY14213
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.35% yield at 341 15th St, Buffalo, NY, 14213 in Buffalo is solid, but the $877/mo payment compresses net cash flow to $156/mo at $195,122. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $53,909 by year five, and $1,797/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.24) without U.S. income documentation. Total projected return: $60,785.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $156 | $450 |
City averages based on Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,090 |
| Total Monthly Debt Service | $1,225 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
2,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14213, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,668 (100%) |
| Owner Occupied HU | 3,332 (26.3%) |
| Renter Occupied HU | 7,353 (58.0%) |
| Vacant Housing Units | 1,983 (15.7%) |
| Median Home Value | $226,991 |
| Average Home Value | $268,906 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
7,960
Multi-Family
691
Businesses
534
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
Single Family
Built in 1920
2,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14213, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,668 (100%) |
| Owner Occupied HU | 3,332 (26.3%) |
| Renter Occupied HU | 7,353 (58.0%) |
| Vacant Housing Units | 1,983 (15.7%) |
| Median Home Value | $226,991 |
| Average Home Value | $268,906 |
Housing Distribution
Address Breakdown
Residential
8,651
Single Family
7,960
Multi-Family
691
Businesses
534
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices