344 Richmond AveBuffaloNY14222
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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 Buffalo at 344 Richmond Ave, Buffalo, NY, 14222 priced at $450,000 converts $3,582/mo rent into $577/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,582/mo, and annual cash flow totals $6,918/yr on $149,175 invested. Return on cash invested prints 24.55% in year one, and rental yield reads 9.55% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 128.35% and total cumulative return in cash sums $191,466. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,582/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1850
4,930 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14222, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 2,328 (28.5%) |
| Renter Occupied HU | 5,019 (61.5%) |
| Vacant Housing Units | 808 ( 9.9%) |
| Median Home Value | $475,544 |
| Average Home Value | $513,244 |
Housing Distribution
Address Breakdown
Residential
6,560
Single Family
4,246
Multi-Family
2,314
Businesses
326
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