610 Main St #504BuffaloNY14202
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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 Buffalo at 610 Main St #504, Buffalo, NY, 14202 offers a 8.71% rental yield on a $322,500 purchase with $2,340/mo rent. Total monthly income registers $2,340/mo, and a $1,578/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,243/yr on $106,909 to close, and return on cash invested stands at 22.01% in year one. Equity gained on principal adds $2,081/yr while 5% annual appreciation supports $89,101 over five years. Portfolio math shows five-year ROI at 114.72% and total cumulative return in cash at $122,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $1,578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
466.09 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
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