101 2nd StMidlandPA15059
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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
Investment property for sale in Midland at 101 2nd St, Midland, PA, 15059 offers a 8.85% rental yield on a $230,000 purchase with $1,697/mo rent. Total monthly income registers $1,697/mo, and a $1,126/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,275/yr on $76,245 to close, and return on cash invested stands at 22.89% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 119.32% and total cumulative return in cash at $90,979. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,697/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15059, Midland, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,053 (52.4%) |
| Renter Occupied HU | 665 (33.1%) |
| Vacant Housing Units | 291 (14.5%) |
| Median Home Value | $168,527 |
| Average Home Value | $203,348 |
Housing Distribution
Address Breakdown
Residential
1,765
Single Family
1,689
Multi-Family
76
Businesses
95
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Listed by: Scott Fosnot • RE/MAX SELECT REALTY
Mls Name: WPMLS
Mls ID: #1735278