51 Locust StBuffaloNY14204
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 51 Locust St, Buffalo, NY, 14204 in Buffalo: $1,999/mo in rent, $1,132/mo net, 18.47% gross yield, all on a $129,900 acquisition. The 3.42 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $35,889 in value, and $1,196/yr in principal paydown steadily builds equity. Projected total cumulative return: $122,384.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.5% | 6.5% |
| Monthly Cash Flow | $1,132 | $450 |
City averages based on Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,999 |
| Total Monthly Debt Service | $816 |
| DSCR Ratio | 2.45x |
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.
Multi Family
Built in 1920
3,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14204, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,445 (100%) |
| Owner Occupied HU | 1,338 (24.6%) |
| Renter Occupied HU | 3,397 (62.4%) |
| Vacant Housing Units | 710 (13.0%) |
| Median Home Value | $184,164 |
| Average Home Value | $255,113 |
Housing Distribution
Address Breakdown
Residential
4,636
Single Family
3,312
Multi-Family
1,324
Businesses
326
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
Multi Family
Built in 1920
3,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14204, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,445 (100%) |
| Owner Occupied HU | 1,338 (24.6%) |
| Renter Occupied HU | 3,397 (62.4%) |
| Vacant Housing Units | 710 (13.0%) |
| Median Home Value | $184,164 |
| Average Home Value | $255,113 |
Housing Distribution
Address Breakdown
Residential
4,636
Single Family
3,312
Multi-Family
1,324
Businesses
326
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices