69 Verel AveLackawannaNY14218
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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 Lackawanna at 69 Verel Ave, Lackawanna, NY, 14218 listed at $164,500 pairs $1,311/mo rent with a $805/mo payment to leave $213/mo cash flow. Total monthly income runs $1,311/mo, and annual cash flow reaches $2,552/yr on $54,532 cash to close. Return on cash invested measures 24.59% in year one, and rental yield registers 9.56% at a $164,500 basis. Equity gained on principal adds $1,061/yr, and annual property appreciation at 5% supports $45,448 by year five. Five-year ROI tracks 128.6% and total cumulative return in cash totals $70,126. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,311/mo property income relative to a $805/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
7,200 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: Christopher Ricci • WNY Metro Roberts Realty
Mls Name: NYSAMLSs
Mls ID: #B1637415