1008 Nimick AveMonacaPA15061
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
Investment property for sale in Monaca at 1008 Nimick Ave, Monaca, PA, 15061 uses $74,588 cash to close to unlock $2,686/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,698/mo, and a $1,101/mo payment keeps the spread at $224/mo. Purchase price stands at $225,000, and rental yield measures 9.06% with $1,698/mo rent. Return on cash invested shows 23.51% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 122.62% and total cumulative return in cash records $91,461. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,698/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1905
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15061, Monaca, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,021 (100%) |
| Owner Occupied HU | 3,930 (65.3%) |
| Renter Occupied HU | 1,544 (25.6%) |
| Vacant Housing Units | 547 ( 9.1%) |
| Median Home Value | $227,526 |
| Average Home Value | $246,993 |
Housing Distribution
Address Breakdown
Residential
5,874
Single Family
5,397
Multi-Family
477
Businesses
520
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Ramer • EXP REALTY LLC
Mls Name: WPMLS
Mls ID: #1737325