689 Longmeadow RdAmherstNY14226
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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 Amherst at 689 Longmeadow Rd, Amherst, NY, 14226 uses $66,267 cash to close to unlock $18,546/yr annual cash flow and $1,546/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $978/mo payment keeps the spread at $1,546/mo. Purchase price stands at $199,900, and rental yield measures 17.29% with $2,880/mo rent. Return on cash invested shows 47.9% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 253.59% and total cumulative return in cash records $168,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,899 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14226, Buffalo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,744 (100%) |
| Owner Occupied HU | 8,892 (64.7%) |
| Renter Occupied HU | 4,105 (29.9%) |
| Vacant Housing Units | 747 ( 5.4%) |
| Median Home Value | $275,790 |
| Average Home Value | $350,919 |
Housing Distribution
Address Breakdown
Residential
12,776
Single Family
11,024
Multi-Family
1,752
Businesses
1,133
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