609 Elmwood AveNiagara FallsNY14301
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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 Niagara Falls at 609 Elmwood Ave, Niagara Falls, NY, 14301 at $204,900 posts ROI 19.65% with from $1,354/mo rent. Total monthly income equals $1,354/mo. Return on cash invested measures 19.65% and rental yield reads 7.93% at the current $204,900. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 by year five. Five-year ROI prints 102.13% and total cumulative return in cash totals $69,370. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,354/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1925
3,449 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14301, Niagara Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,029 (100%) |
| Owner Occupied HU | 1,770 (25.2%) |
| Renter Occupied HU | 3,681 (52.4%) |
| Vacant Housing Units | 1,578 (22.4%) |
| Median Home Value | $78,972 |
| Average Home Value | $163,034 |
Housing Distribution
Address Breakdown
Residential
4,902
Single Family
4,400
Multi-Family
502
Businesses
344
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Listed by: Jayson Parker • Iconic Real Estate
Mls Name: NYSAMLSs
Mls ID: #B1656811