61 Mitchell DrTonawandaNY14150
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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 Tonawanda at 61 Mitchell Dr, Tonawanda, NY, 14150 uses $82,842 cash to close to unlock $11,632/yr annual cash flow and $969/mo monthly cash flow. Total monthly income runs $2,638/mo, and a $1,223/mo payment keeps the spread at $969/mo. Purchase price stands at $249,900, and rental yield measures 12.67% with $2,638/mo rent. Return on cash invested shows 33.95% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 178.81% and total cumulative return in cash records $148,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,638/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1958
8,241 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14150, Tonawanda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,083 (100%) |
| Owner Occupied HU | 13,568 (67.6%) |
| Renter Occupied HU | 5,424 (27.0%) |
| Vacant Housing Units | 1,091 ( 5.4%) |
| Median Home Value | $208,686 |
| Average Home Value | $251,745 |
Housing Distribution
Address Breakdown
Residential
18,997
Single Family
16,657
Multi-Family
2,340
Businesses
1,168
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