4583 Chestnut Ridge Rd APT 10AmherstNY14228
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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 Amherst at 4583 Chestnut Ridge Rd APT 10, Amherst, NY, 14228 uses $65,969 cash to close to unlock $15,229/yr annual cash flow and $1,269/mo monthly cash flow. Total monthly income runs $2,928/mo, and a $974/mo payment keeps the spread at $1,269/mo. Purchase price stands at $199,000, and rental yield measures 17.66% with $2,928/mo rent. Return on cash invested shows 42.99% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 229.52% and total cumulative return in cash records $151,410. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,928/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1988
7.80 Acres lot
$N/A/sqft
$330 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14228, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,085 (100%) |
| Owner Occupied HU | 4,665 (42.1%) |
| Renter Occupied HU | 5,604 (50.6%) |
| Vacant Housing Units | 816 ( 7.4%) |
| Median Home Value | $293,883 |
| Average Home Value | $351,771 |
Housing Distribution
Address Breakdown
Residential
10,612
Single Family
7,393
Multi-Family
3,219
Businesses
727
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Listed by: Paula Macaluso • MJ Peterson Real Estate Inc.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1557223
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