843 Payne AveNorth TonawandaNY14120
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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 North Tonawanda at 843 Payne Ave, North Tonawanda, NY, 14120 with 5% annual appreciation on a $199,900 basis while $2,006/mo rent supports operations. Total monthly income totals $2,006/mo and a $978/mo payment preserves $672/mo for cash returns. Annual cash flow comes to $8,058/yr on $66,267 deployed, and return on cash invested reaches 32.07% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 12.04%. Five-year ROI measures 168.72% and total cumulative return in cash totals $111,805.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,006/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1945
4,068 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14120, North Tonawanda, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,283 (100%) |
| Owner Occupied HU | 13,988 (65.7%) |
| Renter Occupied HU | 5,827 (27.4%) |
| Vacant Housing Units | 1,468 ( 6.9%) |
| Median Home Value | $234,436 |
| Average Home Value | $303,156 |
Housing Distribution
Address Breakdown
Residential
19,365
Single Family
17,647
Multi-Family
1,718
Businesses
919
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Listed by: Richard J. Testa • Howard Hanna
Mls Name: NYSAMLSs
Mls ID: #R1635734