63 Wood StLackawannaNY14218
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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
Investment Highlights
Rental property for sale in Lackawanna at 63 Wood St, Lackawanna, NY, 14218 priced at $164,900 pairs $1,266/mo rent with $165/mo cash flow after a $807/mo payment. Total monthly income equals $1,266/mo, and annual cash flow comes to $1,979/yr on $54,664 invested. Return on cash invested is 23.53% in year one, and rental yield stands at 9.21% on a $164,900 basis. Equity gained on principal adds $1,064/yr, and 5% annual appreciation accumulates to $45,559 by year five. Five-year ROI measures 122.9% and total cumulative return in cash reaches $67,180. For financing, Ziffy Mortgage’s DSCR program evaluates $1,266/mo property income against a $807/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1892
8,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14218, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,985 (100%) |
| Owner Occupied HU | 4,770 (47.8%) |
| Renter Occupied HU | 4,322 (43.3%) |
| Vacant Housing Units | 893 ( 8.9%) |
| Median Home Value | $172,099 |
| Average Home Value | $247,349 |
Housing Distribution
Address Breakdown
Residential
8,218
Single Family
7,214
Multi-Family
1,004
Businesses
438
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Listed by: Tara L Walker • MJ Peterson Real Estate Inc.
Mls Name: NYSAMLSs
Mls ID: #B1647692