1029 Nimick AveMonacaPA15061
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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 Monaca at 1029 Nimick Ave, Monaca, PA, 15061 generates $1,152/mo in rent and, after a $705/mo payment, leaves $208/mo in cash flow. Total monthly income is $1,152/mo, and annual cash flow is $2,498/yr on $47,736 invested. Return on cash invested sits at 25.14% in year one, and rental yield is 9.6% on a $144,000 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 131.46% and total cumulative return in cash sums $62,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,152/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15061, Monaca, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,021 (100%) |
| Owner Occupied HU | 3,930 (65.3%) |
| Renter Occupied HU | 1,544 (25.6%) |
| Vacant Housing Units | 547 ( 9.1%) |
| Median Home Value | $227,526 |
| Average Home Value | $246,993 |
Housing Distribution
Address Breakdown
Residential
5,874
Single Family
5,397
Multi-Family
477
Businesses
520
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Listed by: Renee Pitrelli • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1707770
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.