40 Aurora DrCheektowagaNY14215
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
Investment Highlights
Investment property for sale in Cheektowaga at 40 Aurora Dr, Cheektowaga, NY, 14215 uses $72,599 cash to close to unlock $1,529/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $1,590/mo, and a $1,072/mo payment keeps the spread at $127/mo. Purchase price stands at $219,000, and rental yield measures 8.71% with $1,590/mo rent. Return on cash invested shows 22.02% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 114.82% and total cumulative return in cash records $83,361. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,590/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1959
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14215, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 7,277 (39.5%) |
| Renter Occupied HU | 9,242 (50.1%) |
| Vacant Housing Units | 1,921 (10.4%) |
| Median Home Value | $99,609 |
| Average Home Value | $275,339 |
Housing Distribution
Address Breakdown
Residential
14,329
Single Family
14,102
Multi-Family
227
Businesses
660
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy A. Parke Gibas • RE/MAX Hometown Choice
Mls Name: NYSAMLSs
Mls ID: #R1638226