1001 Elk StFranklinPA16323
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 Franklin at 1001 Elk St, Franklin, PA, 16323 priced at $199,000 converts $1,594/mo rent into $290/mo cash flow after a $974/mo obligation. Total monthly income equals $1,594/mo, and annual cash flow totals $3,480/yr on $65,969 invested. Return on cash invested prints 25.18% in year one, and rental yield reads 9.61% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 131.6% and total cumulative return in cash sums $86,814. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,594/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1871
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16323, Franklin, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,308 (100%) |
| Owner Occupied HU | 4,678 (64.0%) |
| Renter Occupied HU | 1,781 (24.4%) |
| Vacant Housing Units | 849 (11.6%) |
| Median Home Value | $147,654 |
| Average Home Value | $190,611 |
Housing Distribution
Address Breakdown
Residential
6,829
Single Family
6,570
Multi-Family
259
Businesses
633
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Nearby investment properties with comparable prices
Listed by: Michael Bordell • Shawgo Real Estate LLC
Mls Name: Allegheny Valley BOR
Mls ID: #160939
Disclaimer: Copyright Allegheny Valley Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.