222 Englewood Ave · Buffalo, NY 14214

$150,000

2 bd · 1.0 ba · 714 sqft · SingleFamily public records · 3 Days on market

Built 1950 3,680 sqft lot Est $192k · 22% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +4.3/10.0
• Rent growth +4.0/5.0
• Livability +3.9/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this well-maintained brick-front ranch offering easy, low-maintenance living in a convenient location. Step inside to a bright and inviting living room filled with natural light from the large front picture window. Original hardwood floors add warmth and character throughout much of the main living area and bedrooms. The eat-in kitchen features abundant oak cabinetry, generous pantry storage, pull-out shelving, and includes the stove. Two comfortable bedrooms offer ample closet space, while the full bath provides a clean, timeless look. Major updates include replacement windows, central air conditioning, a newer furnace, and a complete drain tile system installed by Frank's Basement Systems in May 2026 with transferable warranty. The full basement offers exceptional storage and endless potential for future finished living space, a home office, recreation area, hobby space, or workout room. Outside, enjoy partially fenced backyard with storage shed and off-street driveway parking. Whether you're looking for a place to call home or add to your investment portfolio, this property presents a fantastic opportunity. Open House Wednesday 5:00-7:00 PM. Seller reserves the right to set an offer deadline. Please allow 24 hours for seller response for all showings. Sewer Rent: $184.37.

Key facts

• Brick-front ranch
• Bright living room
• Eat-in kitchen

Tags

• BRICK-FRONT RANCH
• BRIGHT LIVING ROOM
• ORIGINAL HARDWOOD FLOORS
• EAT-IN KITCHEN
• ABUNDANT OAK CABINETRY
• GENEROUS PANTRY STORAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $215 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (6.9% below list).
• Recommended offer: $140k (6.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#195 in NY, #3,011 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: crime F, employment D-.
• Buffalo City School District (urban): math 41% / reading 40% proficiency, ranked #535 of 590 in NY (top 91%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.8%/yr); 90 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 1,244 units permitted in Erie County in 2024 (563 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,618 (6.9% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.93% ✗
• Cap rate: 8.01%
• Cash-on-cash: 6.14%
• DSCR: 1.27
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $192,066
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
228 Wendel Ave	0.56mi	2/1.0	750 (+5%)	10mo	$202,000	$269	57
359 University Ave	0.41mi	2/1.0	800 (+12%)	22mo	$185,000	$231	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.81% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.84×
• Total profit: $-6,638
• Equity at exit: $22,365

10-year hold

• IRR: 8.2%
• Equity multiple: 1.70×
• Total profit: $29,192
• Equity at exit: $12,969

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 14214

• Rents YoY: 5.8%
• Active inventory: 90
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,396 high
• Mortgage (P&I): −$787
• Tax from tax record: −$39 /mo · $469/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $215

Break-even live

Break-even rent $1,124

Max offer price $150,000

Occupancy floor 80%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Angle St Buffalo, NY	2.0	1.0	725	$1,212	$1.67	14d	2	0.22mi
89 Lasalle Ave Buffalo, NY	1.0–4.0	1.0–4.0	1024	$1,585	$1.55	1d	10	0.74mi
2939 Main St Buffalo, NY	1.0–2.0	1.0–2.0	562	$1,999	$3.55	3d	1	0.77mi
786 Kenmore Ave Unit 11 Buffalo, NY	1.0	1.0	750	$1,350	$1.80	14d	1	0.82mi
724 Englewood Ave Buffalo, NY	2.0	1.0	550	$1,038	$1.89	2d	4	0.97mi
190 Manhattan Ave Buffalo, NY	2.0	1.0	724	$1,200	$1.66	43d	1	1.23mi
1474 Hertel Ave Buffalo, NY	1.0	1.0	650	$1,200	$1.85	43d	1	1.27mi
2532 Main St Apt 3 Buffalo, NY	1.0	1.0	450	$1,050	$2.33	43d	1	1.38mi
1233 Eggert Rd Buffalo, NY	1.0	1.0	700	$1,175	$1.68	23d	1	1.44mi

Listing history 4 events

1. 2026-06-18
   days on market $150,000 Active 3 DOM
2. 2026-06-17
   days on market $150,000 Active 2 DOM
3. 2026-06-15
   remarks 699-char remark

   Show marketing remark (1311 chars)

   Welcome home to this well-maintained brick-front ranch offering easy, low-maintenance living in a convenient location. Step inside to a bright and inviting living room filled with natural light from the large front picture window. Original hardwood floors add warmth and character throughout much of the main living area and bedrooms. The eat-in kitchen features abundant oak cabinetry, generous pantry storage, pull-out shelving, and includes the stove. Two comfortable bedrooms offer ample closet space, while the full bath provides a clean, timeless look. Major updates include replacement windows, central air conditioning, a newer furnace, and a complete drain tile system installed by Frank's Basement Systems in May 2026 with transferable warranty. The full basement offers exceptional storage and endless potential for future finished living space, a home office, recreation area, hobby space, or workout room. Outside, enjoy partially fenced backyard with storage shed and off-street driveway parking. Whether you're looking for a place to call home or add to your investment portfolio, this property presents a fantastic opportunity. Open House Wednesday 5:00-7:00 PM. Seller reserves the right to set an offer deadline. Please allow 24 hours for seller response for all showings. Sewer Rent: $184.37.

4. 2026-06-15
   listed $150,000 Active 1 DOM

   Show marketing remark (1311 chars)

   Welcome home to this well-maintained brick-front ranch offering easy, low-maintenance living in a convenient location. Step inside to a bright and inviting living room filled with natural light from the large front picture window. Original hardwood floors add warmth and character throughout much of the main living area and bedrooms. The eat-in kitchen features abundant oak cabinetry, generous pantry storage, pull-out shelving, and includes the stove. Two comfortable bedrooms offer ample closet space, while the full bath provides a clean, timeless look. Major updates include replacement windows, central air conditioning, a newer furnace, and a complete drain tile system installed by Frank's Basement Systems in May 2026 with transferable warranty. The full basement offers exceptional storage and endless potential for future finished living space, a home office, recreation area, hobby space, or workout room. Outside, enjoy partially fenced backyard with storage shed and off-street driveway parking. Whether you're looking for a place to call home or add to your investment portfolio, this property presents a fantastic opportunity. Open House Wednesday 5:00-7:00 PM. Seller reserves the right to set an offer deadline. Please allow 24 hours for seller response for all showings. Sewer Rent: $184.37.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $469 · $39/mo
• Projected year-2 tax: $1,502 · $125/mo
• Expected delta: +$1,033/yr (+$86/mo · 220.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,754
• − Mortgage interest: −$8,402
• − Property taxes: −$469
• − Insurance: −$750
• − Repairs & maintenance: −$1,340
• − Management: −$1,340
• − Depreciation: −$4,364
• Taxable income: $89
• Est. tax owed @ 24.0%: −$21
• After-tax cash flow: $2,556/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Buffalo City School District
• NCES district ID: 3605850
• Math proficiency: 41% ▲ 11.00%
• Reading proficiency: 40% ▲ 7.00%
• Median HH income: $31,665
• Composite: 33.17/100
• National rank: #5544
• State rank: #535 of 590 in NY

Livability — Buffalo

• Score: 77/100
• State rank: #195
• US rank: #3011

Category grades

Amenities A Commute A+ Cost of living A Crime F Employment D- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Buffalo, NY
• County: Erie County · 714,559 people
• City population: 440,021
• Metro: Buffalo-Cheektowaga, NY
• Population (ZIP): 21,314
• Household income: $58,228
• Rent vs Own: 57.7% rent · 42.3% own
• Severe rent burden: 1820.0

Population outlook (Erie County) Hauer SSP2

• Today (2025): 933,037 people
• By 2030: 935,181 · +0.2%
• By 2040: 928,531 · -0.5%
• By 2050: 905,725 · -2.9%
• By 2075: 834,037 · -10.6%
• By 2100: 708,033 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 47% Black 31% Asian 11% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 5% Lithuanian 2% Scotch-Irish 1%
• Foreign-born: 14% · Canada, China
• Languages at home: 81% English-only · Other Indo-European 7% Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Erie

• 2024 margin: Lean D (+9.7) · D 54.8% · R 45.2%
• 2008→2024 swing: -7.9pp toward R · 2008: 17.5pp · 2024: 9.7pp
• All cycles: 2024: D+9.7 2020: D+14.7 2016: D+4.8 2012: D+15.6 2008: D+17.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -282.52%
• Current HPI: 373.377
• Rent YoY: ▲ 5.81%
• Metro: Buffalo-Cheektowaga, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

1 event — show timeline

• 2026-06-15 Listed $150,000 WNYREIS

Property tax history

+5.7%/yr

Latest (2025): $469 · +13.1% YoY. Source: county tax records.