260 South Forest Road, Amherst, NY 14221
Updated kitchens and baths, retained appliances, and private fenced yards serve both residential units.
Property Features for 260 South Forest Road
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Investment Insights
Based on property information with market context.
Two high-efficiency boilers were installed in 2020, and glass block windows were added that year. The patio was completed in 2021. The property is located in the Williamsville School District, with colleges, shopping, dining, and major routes nearby. Its Amherst setting combines established residential construction with multiple recent improvements and separate outdoor areas for each unit.
Key Highlights
- Side‑by‑side duplex with two 2‑bedroom units on a single lot
- Updated kitchens and bathrooms in both units; appliances remain
- Two high‑efficiency boilers installed in 2020
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.5k | $19.80 |
| − Vacancy | −$2.8k | −$1.03 |
| EGI | $51.7k | $18.77 |
| − OpEx | −$15.5k | −$5.63 |
| NOI | $36.2k | $13.14 |
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Demographics for 14221, NY
Market
Vacancy Rate% for Multifamily in Northeast region