674 Main St #4BuffaloNY14202
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 674 Main St #4, Buffalo, NY, 14202 in Buffalo is capital appreciation. Rental yield 4.9%. The 4.9% gross yield at $999,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $276,005 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.91) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $187,790.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 6.5% |
| Monthly Cash Flow | $(3,031) | $450 |
City averages based on Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,075 |
| Total Monthly Debt Service | $6,709 |
| DSCR Ratio | 0.61x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1900
0.27 Acres lot
$N/A/sqft
$435 monthly 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 1900
0.27 Acres lot
$N/A/sqft
$435 monthly 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
Listed by: Enas L Latif • HUNT Real Estate Corporation
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1632610
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