88 Prospect StLockportNY14094
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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 Lockport at 88 Prospect St, Lockport, NY, 14094 uses $41,438 cash to close to unlock $4,861/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $1,240/mo, and a $612/mo payment keeps the spread at $405/mo. Purchase price stands at $125,000, and rental yield measures 11.9% with $1,240/mo rent. Return on cash invested shows 31.64% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 166.5% and total cumulative return in cash records $68,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,240/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14094, Lockport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,060 (100%) |
| Owner Occupied HU | 14,886 (64.6%) |
| Renter Occupied HU | 6,623 (28.7%) |
| Vacant Housing Units | 1,551 ( 6.7%) |
| Median Home Value | $208,867 |
| Average Home Value | $254,894 |
Housing Distribution
Address Breakdown
Residential
22,304
Single Family
18,394
Multi-Family
3,910
Businesses
1,178
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