49-51 54 Merrimac StBuffaloNY14214
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 Buffalo at 49-51 54 Merrimac St, Buffalo, NY, 14214 generates $3,690/mo in rent, after a $3,915/mo payment. Total monthly income is $3,690/mo. Return on cash invested sits at 12.53% in year one, and rental yield is 5.54% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 63.88% and total cumulative return in cash sums $168,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,690/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
10,349 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14214, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,689 (100%) |
| Owner Occupied HU | 3,923 (36.7%) |
| Renter Occupied HU | 5,496 (51.4%) |
| Vacant Housing Units | 1,270 (11.9%) |
| Median Home Value | $291,031 |
| Average Home Value | $317,434 |
Housing Distribution
Address Breakdown
Residential
7,531
Single Family
6,254
Multi-Family
1,277
Businesses
451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices