503 Carriage LnBuffaloNY14224
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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 Buffalo at 503 Carriage Ln, Buffalo, NY, 14224 uses $106,047 cash to close to unlock $11,562/yr annual cash flow and $964/mo monthly cash flow. Total monthly income runs $3,408/mo, and a $1,566/mo payment keeps the spread at $964/mo. Purchase price stands at $319,900, and rental yield measures 12.78% with $3,408/mo rent. Return on cash invested shows 30.81% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 163.24% and total cumulative return in cash records $173,108. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,408/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 2020
N/A lot
$N/A/sqft
$308 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14224, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,712 (100%) |
| Owner Occupied HU | 13,319 (71.2%) |
| Renter Occupied HU | 4,397 (23.5%) |
| Vacant Housing Units | 996 ( 5.3%) |
| Median Home Value | $255,098 |
| Average Home Value | $291,278 |
Housing Distribution
Address Breakdown
Residential
18,223
Single Family
15,508
Multi-Family
2,715
Businesses
1,195
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Listed by: Steven Simme • Keller Williams Realty Lancaster
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1562975
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