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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Niagara Falls at 496 24th St, Niagara Falls, NY, 14303 offers a 14.47% rental yield on a $165,000 purchase with $1,990/mo rent. Total monthly income registers $1,990/mo, and a $808/mo payment leaves $888/mo available for distribution. Annual cash flow reaches $10,653/yr on $54,698 to close, and return on cash invested stands at 39.39% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 207.96% and total cumulative return in cash at $113,747. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,990/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1916
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 14303, Niagara Falls, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,649 (100%) |
| Owner Occupied HU | 1,183 (32.4%) |
| Renter Occupied HU | 1,647 (45.1%) |
| Vacant Housing Units | 819 (22.4%) |
| Median Home Value | $81,815 |
| Average Home Value | $137,109 |
Residential
2,363
Single Family
2,090
Multi-Family
273
Businesses
226
Date | Event | Price |
|---|---|---|
| 2024-07-06 | Listed for sale | $165,000 |
| 2024-06-23 | Listing removed | N/A |
| 2024-06-04 | Price change | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-10 | N/A | N/A | $40,800 | N/A |
| 2022-08-10 | N/A | N/A | $40,800 | N/A |
| 2021-08-10 | N/A | N/A | $40,800 | N/A |
Listed by: Frank A Pietrangeli • Hooper Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1550130
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Brokers Firm Name. Listing Data last updated at 2024-08-10 16:40:24 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
