1011 S Lake RdMercerPA16137
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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 Mercer at 1011 S Lake Rd, Mercer, PA, 16137 generates $1,986/mo in rent, after a $1,713/mo payment. Total monthly income is $1,986/mo. Return on cash invested sits at 16.73% in year one, and rental yield is 6.81% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 86.28% and total cumulative return in cash sums $100,106. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,986/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16137, Mercer, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,019 (100%) |
| Owner Occupied HU | 3,571 (71.1%) |
| Renter Occupied HU | 809 (16.1%) |
| Vacant Housing Units | 639 (12.7%) |
| Median Home Value | $234,224 |
| Average Home Value | $304,621 |
Housing Distribution
Address Breakdown
Residential
4,859
Single Family
4,482
Multi-Family
377
Businesses
397
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Listed by: Gerald Wallace • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls ID: #1704716