368 Olmstead AveDepewNY14043
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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 Depew at 368 Olmstead Ave, Depew, NY, 14043 priced at $249,000 converts $1,704/mo rent into $41/mo cash flow after a $1,219/mo obligation. Total monthly income equals $1,704/mo, and annual cash flow totals $491/yr on $82,544 invested. Return on cash invested prints 20.5% in year one, and rental yield reads 8.21% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 106.66% and total cumulative return in cash sums $88,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,704/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1855
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14043, Depew, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,105 (100%) |
| Owner Occupied HU | 7,742 (64.0%) |
| Renter Occupied HU | 3,750 (31.0%) |
| Vacant Housing Units | 613 ( 5.1%) |
| Median Home Value | $220,562 |
| Average Home Value | $254,002 |
Housing Distribution
Address Breakdown
Residential
11,309
Single Family
10,335
Multi-Family
974
Businesses
845
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