101-102 Elk StOil CityPA16301
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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 Oil City at 101-102 Elk St, Oil City, PA, 16301 generates $1,168/mo in rent and, after a $631/mo payment, leaves $323/mo in cash flow. Total monthly income is $1,168/mo, and annual cash flow is $3,877/yr on $42,764 invested. Return on cash invested sits at 28.98% in year one, and rental yield is 10.87% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 152.04% and total cumulative return in cash sums $65,017. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,168/mo property income rather than buyer’s personal income.
Multi Family
Built in 1931
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16301, Oil City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,861 (100%) |
| Owner Occupied HU | 4,366 (55.5%) |
| Renter Occupied HU | 2,013 (25.6%) |
| Vacant Housing Units | 1,482 (18.9%) |
| Median Home Value | $101,651 |
| Average Home Value | $144,602 |
Housing Distribution
Address Breakdown
Residential
6,788
Single Family
6,388
Multi-Family
400
Businesses
401
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Listed by: Allen Sharrer • 1st Rate Realty, LLC
Mls Name: Allegheny Valley BOR
Mls ID: #162265