353 38th StNiagara FallsNY14303
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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 353 38th St, Niagara Falls, NY, 14303 offers a 8.96% rental yield on a $193,000 purchase with $1,441/mo rent. Total monthly income registers $1,441/mo, and a $945/mo payment leaves $152/mo available for distribution. Annual cash flow reaches $1,822/yr on $63,980 to close, and return on cash invested stands at 22.76% in year one. Equity gained on principal adds $1,245/yr while 5% annual appreciation supports $53,322 over five years. Portfolio math shows five-year ROI at 118.77% and total cumulative return in cash at $75,990. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,441/mo property income against a $945/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1955
4,948 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14303, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,649 (100%) |
| Owner Occupied HU | 1,183 (32.4%) |
| Renter Occupied HU | 1,647 (45.1%) |
| Vacant Housing Units | 819 (22.4%) |
| Median Home Value | $81,815 |
| Average Home Value | $137,109 |
Housing Distribution
Address Breakdown
Residential
2,363
Single Family
2,090
Multi-Family
273
Businesses
226
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Listed by: Awais Rehman • Red Door Real Estate WNY LLC
Mls Name: NYSAMLSs
Mls ID: #B1644325