503 Carriage LnBuffaloNY14224
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Buffalo rentals match the income profile of 503 Carriage Ln, Buffalo, NY, 14224. Listed at $319,900, gross rent is $3,408/mo and net cash flow is $964/mo, a 12.78% yield well above national averages. DSCR 2.37 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $88,382 by year five with $2,946/yr in annual principal reduction, projecting $185,399 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 6.5% |
| Monthly Cash Flow | $964 | $450 |
City averages based on Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,408 |
| Total Monthly Debt Service | $2,317 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices