54 Sandrock Rd · Buffalo, NY 14207

$79,900

6 bd · 1.0 ba · 1,207 sqft · SingleFamily public records · 19 Days on market

Built 1918 3,850 sqft lot

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.5/5.0
• Livability +3.9/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious single family home located on a quiet street in the Riverside neighborhood just off Ontario Street. This home features a living and dining room with hard wood flooring, a spacious kitchen plus four bedrooms and a full bathroom with bonus laundry room with backyard access. This home has a full basement with modern mechanicals and sits on a fully fenced backyard. This home needs work.

Key facts

• Quiet street
• Hard wood flooring
• Spacious kitchen

Tags

• QUIET STREET
• RIVERSIDE NEIGHBORHOOD
• HARD WOOD FLOORING
• SPACIOUS KITCHEN
• FULL BASEMENT
• FULLY FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 6-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $871 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 19.4% vs local median 8.0% in Buffalo — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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 (+8.2%/yr); 197 active listings in the ZIP; lower-income renter base — watch delinquency; 1,244 units permitted in Erie County in 2024 (563 in 5+ unit buildings).
• At $1,710/mo this rent would consume 52% of the median local household income ($40k/yr) (locally 2177% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1918 — 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: 2.14% ✓
• Cap rate: 19.38%
• Cash-on-cash: 46.74%
• DSCR: 3.08
• GRM: 3.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 49.3%
• Equity multiple: 3.31×
• Total profit: $51,570
• Equity at exit: $11,913

10-year hold

• IRR: 56.8%
• Equity multiple: 8.04×
• Total profit: $157,421
• Equity at exit: $6,908

Cash invested: $22,372 (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 14207

• Home prices YoY: -18.9%
• Rents YoY: 8.2%
• Active inventory: 197
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,710 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$27 /mo · $325/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $871

Break-even live

Break-even rent $607

Max offer price $79,900

Occupancy floor 44%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-04-25
   status Pending
2. 2026-04-22
   price $79,900
3. 2026-04-06
   listed $85,000 Active
4. 2025-01-10
   soldstatus $85,000
5. 2025-01-09
   soldstatus $85,000 Closed 394-char remark

   Show marketing remark (394 chars)

   Spacious single family home located on a quiet street in the Riverside neighborhood just off Ontario Street. This home features a living and dining room with hard wood flooring, a spacious kitchen plus four bedrooms and a full bathroom with bonus laundry room with backyard access. This home has a full basement with modern mechanicals and sits on a fully fenced backyard. This home needs work.

6. 2024-12-02
   status Pending 394-char remark

   Show marketing remark (394 chars)

   Spacious single family home located on a quiet street in the Riverside neighborhood just off Ontario Street. This home features a living and dining room with hard wood flooring, a spacious kitchen plus four bedrooms and a full bathroom with bonus laundry room with backyard access. This home has a full basement with modern mechanicals and sits on a fully fenced backyard. This home needs work.

7. 2024-11-01
   listed $85,000 Active 394-char remark

   Show marketing remark (394 chars)

   Spacious single family home located on a quiet street in the Riverside neighborhood just off Ontario Street. This home features a living and dining room with hard wood flooring, a spacious kitchen plus four bedrooms and a full bathroom with bonus laundry room with backyard access. This home has a full basement with modern mechanicals and sits on a fully fenced backyard. This home needs work.

8. 2002-03-21
   soldstatus $39,000

ⓘ 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: $325 · $27/mo
• Projected year-2 tax: $838 · $70/mo
• Expected delta: +$513/yr (+$43/mo · 157.7%)

ⓘ 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 ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,518
• − Mortgage interest: −$4,476
• − Property taxes: −$325
• − Insurance: −$400
• − Repairs & maintenance: −$1,641
• − Management: −$1,641
• − Depreciation: −$2,324
• Taxable income: $9,711
• Est. tax owed @ 24.0%: −$2,331
• After-tax cash flow: $8,126/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): 26,327
• Household income: $39,753
• Rent vs Own: 65.0% rent · 35.0% own
• Severe rent burden: 2177.0

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: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: White 40% Hispanic / Latino 23% Black 16% Asian 15% Two or more races 14%
• Hispanic origin (detail): Puerto Rican 18% Dominican 2%
• Common ancestry: Romanian 8% Portuguese 1% Arab 1%
• Foreign-born: 19% · Philippines, Canada, India
• Languages at home: 65% English-only · Spanish 14% Other Asian/Pacific 10% Other Indo-European 5%

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: ▼ -54.42%
• Current HPI: 233.0902
• Rent YoY: ▲ 8.19%
• 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

+104.9% since first listed

8 events — show timeline

• 2026-04-25 Pending — WNYREIS
• 2026-04-22 Price Changed $79,900 WNYREIS
• 2026-04-06 Listed $85,000 WNYREIS
• 2025-01-10 Sold (Public Records) $85,000 Public Records
• 2025-01-09 Sold (MLS) $85,000 WNYREIS
• 2024-12-02 Pending — WNYREIS
• 2024-11-01 Listed $85,000 WNYREIS
• 2002-03-21 Sold (Public Records) $39,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $325 · +0.0% YoY. Source: county tax records.