1101 Elk StFranklinPA16323
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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 Franklin at 1101 Elk St, Franklin, PA, 16323 priced at $379,900 pairs $3,071/mo rent with $582/mo cash flow after a $1,859/mo payment. Total monthly income equals $3,071/mo, and annual cash flow comes to $6,984/yr on $125,937 invested. Return on cash invested is 25.45% in year one, and rental yield stands at 9.7% on a $379,900 basis. Equity gained on principal adds $2,451/yr, and 5% annual appreciation accumulates to $104,959 by year five. Five-year ROI measures 133.04% and total cumulative return in cash reaches $167,549. For financing, Ziffy Mortgage’s DSCR program evaluates $3,071/mo property income against a $1,859/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1902
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16323, Franklin, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,308 (100%) |
| Owner Occupied HU | 4,678 (64.0%) |
| Renter Occupied HU | 1,781 (24.4%) |
| Vacant Housing Units | 849 (11.6%) |
| Median Home Value | $147,654 |
| Average Home Value | $190,611 |
Housing Distribution
Address Breakdown
Residential
6,829
Single Family
6,570
Multi-Family
259
Businesses
633
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Listed by: Amanda Crevar • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1694240
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.