618 38th StNiagara 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 618 38th St, Niagara Falls, NY, 14301 earns $137/mo cash flow from $971/mo rent with a $611/mo payment. Total monthly income totals $971/mo, and annual cash flow totals $1,647/yr on $41,404 capital. ROI tracks 23.89% on current figures, and rental yield reads 9.33% at a $124,900 purchase. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 over five years. Five-year ROI reaches 124.91% and total cumulative return in cash sums $51,718. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $971/mo property income instead of your personal income.
Single Family
Built in 1942
3,998 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: Tyler Ehde • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls ID: #B1636689