884 E Eagle St Unit N · Buffalo, NY 14210

$85,000

4 bd · 1.5 ba · 1,053 sqft · SingleFamily public records · 25 Days on market

Built 1900 3,774 sqft lot $81/sqft · 42% below area Est $146k · 42% under

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

Listing remarks MLS

Welcome to 884 East Eagle St. , a delightful three-bedroom, one-bathroom home that offers an excellent opportunity for both owner-occupants and savvy investors. Nestled on a desirable corner lot, this property boasts solid mechanics and is conveniently located near public transportation, shopping, entertainment, and a variety of restaurants. Step inside to discover a spacious layout that invites creativity and personalization. The home features three bedrooms, The full bathroom is well-maintained and ready for your personal touch. With some cosmetic updates, this property can truly shine and become a perfect investment. Whether you're looking to create your dream home or seeking a promising rental opportunity, 884 East Eagle St. offers the flexibility to meet your needs. Don't miss out on this fantastic opportunity to own a home in a prime location with endless potential.

Key facts

• Entertainment
• Shopping
• Corner lot

Tags

• CORNER LOT
• PUBLIC TRANSPORTATION
• SHOPPING
• ENTERTAINMENT
• RESTAURANTS
• SPACIOUS LAYOUT

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $740 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $85k).
• Recommended offer: $84k (1.5% below list) — sets the bar for market timing.
• Cap rate 16.7% 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 (+12.7%/yr); 94 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,244 units permitted in Erie County in 2024 (563 in 5+ unit buildings).
• This rent runs 37% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $9k of equity ($588 loan paydown + $8k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 8.0% rent growth), your $24k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $60k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,725 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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: 1.98% ✓
• Cap rate: 16.74%
• Cash-on-cash: 37.32%
• DSCR: 2.66
• GRM: 4.2

CMA / ARV

• ARV (median comp): $145,997
• List price: $85,000
• Delta: -41.78%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
703 Smith St	0.15mi	3/— (-1)	1,064 (+1%)	4mo	$43,000	$40	83
95 Jones St	0.44mi	4/1.0	956 (-9%)	5mo	$119,900	$125	58
160 Selkirk St	0.45mi	4/1.0	1,171 (+11%)	7mo	$150,000	$128	53
17 Clifford St	0.53mi	3/1.0 (-1)	1,040 (-1%)	20mo	$55,000	$53	50
32 Clifford St	0.51mi	5/1.0 (+1)	1,112 (+6%)	21mo	$158,000	$142	43

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

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 56.4%
• Equity multiple: 5.30×
• Total profit: $102,340
• Equity at exit: $76,575

10-year hold

• IRR: 52.0%
• Equity multiple: 13.03×
• Total profit: $286,356
• Equity at exit: $165,136

Cash invested: $23,800 (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 14210

• Home prices YoY: 13.8%
• Rents YoY: 12.7%
• Active inventory: 94
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,680 medium
• Mortgage (P&I): −$446
• Tax est. 1.5%: −$106 /mo · $1,275/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $740

Break-even live

Break-even rent $744

Max offer price $85,000

Occupancy floor 51%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
47 Lester St Unit Main Floor Buffalo, NY	3.0	1.0	900	$1,000	$1.11	43d	1	0.95mi
225 Louisiana St Buffalo, NY	1.0–3.0	1.0–2.0	1164	$2,653	$2.28	1d	7	1.41mi
1150 Bailey Ave Buffalo, NY	4.0	1.5	1100	$1,200	$1.09	23d	1	1.47mi

Listing history 6 events

1. 2026-05-17
   status Pending 884-char remark

   Show marketing remark (884 chars)

   Welcome to 884 East Eagle St. , a delightful three-bedroom, one-bathroom home that offers an excellent opportunity for both owner-occupants and savvy investors. Nestled on a desirable corner lot, this property boasts solid mechanics and is conveniently located near public transportation, shopping, entertainment, and a variety of restaurants. Step inside to discover a spacious layout that invites creativity and personalization. The home features three bedrooms, The full bathroom is well-maintained and ready for your personal touch. With some cosmetic updates, this property can truly shine and become a perfect investment. Whether you're looking to create your dream home or seeking a promising rental opportunity, 884 East Eagle St. offers the flexibility to meet your needs. Don't miss out on this fantastic opportunity to own a home in a prime location with endless potential.

2. 2026-04-22
   listed $85,000 Active 884-char remark

   Show marketing remark (884 chars)

   Welcome to 884 East Eagle St. , a delightful three-bedroom, one-bathroom home that offers an excellent opportunity for both owner-occupants and savvy investors. Nestled on a desirable corner lot, this property boasts solid mechanics and is conveniently located near public transportation, shopping, entertainment, and a variety of restaurants. Step inside to discover a spacious layout that invites creativity and personalization. The home features three bedrooms, The full bathroom is well-maintained and ready for your personal touch. With some cosmetic updates, this property can truly shine and become a perfect investment. Whether you're looking to create your dream home or seeking a promising rental opportunity, 884 East Eagle St. offers the flexibility to meet your needs. Don't miss out on this fantastic opportunity to own a home in a prime location with endless potential.

3. 2026-04-22
   historical

   Show marketing remark (884 chars)

   Welcome to 884 East Eagle St. , a delightful three-bedroom, one-bathroom home that offers an excellent opportunity for both owner-occupants and savvy investors. Nestled on a desirable corner lot, this property boasts solid mechanics and is conveniently located near public transportation, shopping, entertainment, and a variety of restaurants. Step inside to discover a spacious layout that invites creativity and personalization. The home features three bedrooms, The full bathroom is well-maintained and ready for your personal touch. With some cosmetic updates, this property can truly shine and become a perfect investment. Whether you're looking to create your dream home or seeking a promising rental opportunity, 884 East Eagle St. offers the flexibility to meet your needs. Don't miss out on this fantastic opportunity to own a home in a prime location with endless potential.

4. 2026-03-18
   price $99,999
5. 2026-02-09
   listed $109,900 Active
6. 2023-07-07
   soldstatus $60,000

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 50% 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: $20,166
• − Mortgage interest: −$4,761
• − Property taxes: −$1,275
• − Insurance: −$425
• − Repairs & maintenance: −$1,613
• − Management: −$1,613
• − Depreciation: −$2,473
• Taxable income: $8,005
• Est. tax owed @ 24.0%: −$1,921
• After-tax cash flow: $6,961/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): 15,563
• Household income: $54,197
• Rent vs Own: 53.9% rent · 46.1% own
• Severe rent burden: 959.0

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: Predominantly White (79%)
• Race & ethnicity: White 79% Two or more races 8% Black 8% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Romanian 21% Lithuanian 2% Serbian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 95% English-only · Spanish 2% Arabic 1% Other Indo-European 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: ▲ 52.34%
• Current HPI: 431.7951
• Rent YoY: ▲ 12.67%
• 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

+41.7% since first listed

6 events — show timeline

• 2026-05-17 Pending — WNYREIS
• 2026-04-22 Listing Removed — WNYREIS
• 2026-04-22 Listed $85,000 WNYREIS
• 2026-03-18 Price Changed $99,999 WNYREIS
• 2026-02-09 Listed $109,900 WNYREIS
• 2023-07-07 Sold (Public Records) $60,000 Public Records

Property tax history

+9.3%/yr

Latest (2025): $151 · +0.0% YoY. Source: county tax records.