4611 Chestnut Ridge Rd APT AAmherstNY14228
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
Rental property for sale in Amherst at 4611 Chestnut Ridge Rd APT A, Amherst, NY, 14228 generates $1,213/mo in rent and, after a $783/mo payment, leaves $145/mo in cash flow. Total monthly income is $1,213/mo, and annual cash flow is $1,738/yr on $53,007 invested. Return on cash invested sits at 23.19% in year one, and rental yield is 9.1% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 121.06% and total cumulative return in cash sums $64,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,213/mo property income rather than buyer’s personal income.
Condo
Built in 1988
871.20 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices