584 Highland AveBuffaloNY14223
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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
Rental property for sale in Buffalo at 584 Highland Ave, Buffalo, NY, 14223 priced at $229,999 converts $2,136/mo rent into $600/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,136/mo, and annual cash flow totals $7,198/yr on $76,245 invested. Return on cash invested prints 29.35% in year one, and rental yield reads 11.14% against a $229,999 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,544 by year five. Five-year ROI reaches 154.11% and total cumulative return in cash sums $117,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,136/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1952
6,211 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14223, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,771 (100%) |
| Owner Occupied HU | 7,853 (72.9%) |
| Renter Occupied HU | 2,386 (22.2%) |
| Vacant Housing Units | 532 ( 4.9%) |
| Median Home Value | $232,989 |
| Average Home Value | $285,207 |
Housing Distribution
Address Breakdown
Residential
10,017
Single Family
9,361
Multi-Family
656
Businesses
389
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