383 Prospect AveBuffaloNY14201
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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 383 Prospect Ave, Buffalo, NY, 14201 generates $1,815/mo in rent, after a $1,566/mo payment. Total monthly income is $1,815/mo. Return on cash invested sits at 16.27% in year one, and rental yield is 6.81% on a $319,999 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 84% and total cumulative return in cash sums $89,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,815/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
3,358 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14201, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,567 (100%) |
| Owner Occupied HU | 1,227 (16.2%) |
| Renter Occupied HU | 5,405 (71.4%) |
| Vacant Housing Units | 935 (12.4%) |
| Median Home Value | $335,827 |
| Average Home Value | $375,897 |
Housing Distribution
Address Breakdown
Residential
5,939
Single Family
3,595
Multi-Family
2,344
Businesses
453
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