0 Old Lake RdNorth EastPA16428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in North East at 0 Old Lake Rd, North East, PA, 16428 offers $2,340/mo rent that, after a $5,384/mo payment. Total monthly income is $2,340/mo. Return on cash invested measures 3.98% in year one, and rental yield stands at 2.55% at a $1,100,000 entry. Equity gained on principal adds $7,098/yr while 5% annual appreciation compounds into $303,910 by year five. Five-year ROI records 17.8% and total cumulative return in cash reaches $63,451. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,340/mo property income versus a $5,384/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16428, North East, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,453 (100%) |
| Owner Occupied HU | 3,935 (72.2%) |
| Renter Occupied HU | 1,076 (19.7%) |
| Vacant Housing Units | 442 ( 8.1%) |
| Median Home Value | $230,046 |
| Average Home Value | $271,376 |
Housing Distribution
Address Breakdown
Residential
5,192
Single Family
4,864
Multi-Family
328
Businesses
355
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Nearby investment properties with comparable prices
Listed by: Libby Remache • Howard Hanna Erie East
Mls Name: GEMLS
Mls ID: #188991