1024 Pitt RdNewfoundlandPA18445
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
Rental property for sale in Newfoundland at 1024 Pitt Rd, Newfoundland, PA, 18445 priced at $220,700 converts $2,610/mo rent into $1,031/mo cash flow after a $1,080/mo obligation. Total monthly income equals $2,610/mo, and annual cash flow totals $12,373/yr on $73,162 invested. Return on cash invested prints 36.82% in year one, and rental yield reads 14.19% against a $220,700 entry. Equity gained on principal adds $1,424/yr, while 5% annual appreciation compiles into $60,975 by year five. Five-year ROI reaches 194.86% and total cumulative return in cash sums $142,563. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,610/mo property income covering a $1,080/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.58 Acres lot
$N/A/sqft
$1,595 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18445, Newfoundland, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,545 (100%) |
| Owner Occupied HU | 833 (53.9%) |
| Renter Occupied HU | 166 (10.7%) |
| Vacant Housing Units | 546 (35.3%) |
| Median Home Value | $311,635 |
| Average Home Value | $359,898 |
Housing Distribution
Address Breakdown
Residential
1,032
Single Family
1,032
Multi-Family
0
Businesses
69
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Listed by: Beth Derrick • Keller Williams RE Hawley
Mls Name: PWAR
Mls Provider:
Mls ID: #PW251805
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.