104 N Locust StPalmyraPA17078
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 104 N Locust St, Palmyra, PA, 17078 in Palmyra worth modelling. At $269,900 with a 8.37% gross yield, the $1,883/mo rent leaves $114/mo after the $1,214/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.55 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $74,568 by year five; $2,486/yr in principal reduction adds further equity. Total projected return: $110,144.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $114 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,883 |
| Total Monthly Debt Service | $1,661 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17078, Palmyra, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,220 (100%) |
| Owner Occupied HU | 7,158 (70.0%) |
| Renter Occupied HU | 2,688 (26.3%) |
| Vacant Housing Units | 374 ( 3.7%) |
| Median Home Value | $336,535 |
| Average Home Value | $356,398 |
Housing Distribution
Address Breakdown
Residential
9,775
Single Family
9,149
Multi-Family
626
Businesses
433
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
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17078, Palmyra, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,220 (100%) |
| Owner Occupied HU | 7,158 (70.0%) |
| Renter Occupied HU | 2,688 (26.3%) |
| Vacant Housing Units | 374 ( 3.7%) |
| Median Home Value | $336,535 |
| Average Home Value | $356,398 |
Housing Distribution
Address Breakdown
Residential
9,775
Single Family
9,149
Multi-Family
626
Businesses
433
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MIKE DEREMER • Keller Williams of Central PA
Mls Name: Bright MLS
Mls ID: #PALN2022376