1029 N Water AveHermitagePA16148
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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 Hermitage at 1029 N Water Ave, Hermitage, PA, 16148 offers a 16.84% rental yield on a $110,000 purchase with $1,544/mo rent. Total monthly income registers $1,544/mo, and a $538/mo payment leaves $824/mo available for distribution. Annual cash flow reaches $9,883/yr on $36,465 to close, and return on cash invested stands at 47.01% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 248.72% and total cumulative return in cash at $90,696. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,544/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16148, Hermitage, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,870 (100%) |
| Owner Occupied HU | 5,203 (66.1%) |
| Renter Occupied HU | 2,032 (25.8%) |
| Vacant Housing Units | 635 ( 8.1%) |
| Median Home Value | $211,289 |
| Average Home Value | $263,165 |
Housing Distribution
Address Breakdown
Residential
7,856
Single Family
6,972
Multi-Family
884
Businesses
1,014
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Listed by: Victoria May-Hosick • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1706682
Disclaimer: Listing 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.