610 Main St #501BuffaloNY14202
INVESTMENT ANALYSIS
Investment Verdict
Solid Income610 Main St #501, Buffalo, NY, 14202 in Buffalo carries a 1.61 coverage ratio, rent of $2,423/mo is 1.61 times the $1,506/mo payment. Rental yield 8.68%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $334,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $92,527; total projected cumulative return: $139,708.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.5% |
| Monthly Cash Flow | $(713) | $450 |
City averages based on Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,423 |
| Total Monthly Debt Service | $2,103 |
| DSCR Ratio | 1.15x |
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 1993
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14202, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,556 (100%) |
| Owner Occupied HU | 462 (18.1%) |
| Renter Occupied HU | 1,634 (63.9%) |
| Vacant Housing Units | 460 (18.0%) |
| Median Home Value | $541,262 |
| Average Home Value | $563,988 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
488
Multi-Family
1,648
Businesses
1,025
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 1993
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14202, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,556 (100%) |
| Owner Occupied HU | 462 (18.1%) |
| Renter Occupied HU | 1,634 (63.9%) |
| Vacant Housing Units | 460 (18.0%) |
| Median Home Value | $541,262 |
| Average Home Value | $563,988 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
488
Multi-Family
1,648
Businesses
1,025
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices