1023 Cornwall RdLebanonPA17042
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 Lebanon at 1023 Cornwall Rd, Lebanon, PA, 17042 offers a 9.02% rental yield on a $299,500 purchase with $2,252/mo rent. Total monthly income registers $2,252/mo, and a $1,466/mo payment leaves $289/mo available for distribution. Annual cash flow reaches $3,472/yr on $99,284 to close, and return on cash invested stands at 23.41% in year one. Equity gained on principal adds $1,933/yr while 5% annual appreciation supports $82,746 over five years. Portfolio math shows five-year ROI at 122.1% and total cumulative return in cash at $121,223. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,252/mo property income against a $1,466/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17042, Lebanon, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,767 (100%) |
| Owner Occupied HU | 11,322 (63.7%) |
| Renter Occupied HU | 5,319 (29.9%) |
| Vacant Housing Units | 1,126 ( 6.3%) |
| Median Home Value | $292,054 |
| Average Home Value | $325,962 |
Housing Distribution
Address Breakdown
Residential
16,511
Single Family
15,444
Multi-Family
1,067
Businesses
1,251
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Denise Bollard • RE/MAX Cornerstone
Mls Name: Bright MLS
Mls ID: #PALN2021616