626 23rd 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 626 23rd St, Niagara Falls, NY, 14301 uses $41,404 cash to close to unlock $7,659/yr annual cash flow and $638/mo monthly cash flow. Total monthly income runs $1,472/mo, and a $611/mo payment keeps the spread at $638/mo. Purchase price stands at $124,900, and rental yield measures 14.14% with $1,472/mo rent. Return on cash invested shows 38.41% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 202.78% and total cumulative return in cash records $83,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,472/mo property income covering a $611/mo payment rather than investor’s personal income.
Multi Family
Built in 1925
4,961 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: Danielle Pruitt • Blue Eagle Realty Corp.
Mls Name: NYSAMLSs
Mls ID: #B1639004