1010 W 1st 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
Investment property for sale in Oil City at 1010 W 1st St, Oil City, PA, 16301 uses $44,421 cash to close to unlock $5,217/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $1,313/mo, and a $656/mo payment keeps the spread at $435/mo. Purchase price stands at $134,000, and rental yield measures 11.76% with $1,313/mo rent. Return on cash invested shows 31.65% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 166.35% and total cumulative return in cash records $73,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,313/mo property income covering a $656/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,791 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: Zackery Sharrer • 1st Rate Realty, LLC
Mls Name: Allegheny Valley BOR
Mls ID: #160912
Disclaimer: Copyright Allegheny Valley Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.