112 Ridge AveOil CityPA16301
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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 Oil City at 112 Ridge Ave, Oil City, PA, 16301 priced at $165,000 pairs $1,715/mo rent with $633/mo cash flow after a $808/mo payment. Total monthly income equals $1,715/mo, and annual cash flow comes to $7,600/yr on $54,698 invested. Return on cash invested is 33.8% in year one, and rental yield stands at 12.47% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 177.88% and total cumulative return in cash reaches $97,295. For financing, Ziffy Mortgage’s DSCR program evaluates $1,715/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16301, Oil City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,861 (100%) |
| Owner Occupied HU | 4,366 (55.5%) |
| Renter Occupied HU | 2,013 (25.6%) |
| Vacant Housing Units | 1,482 (18.9%) |
| Median Home Value | $101,651 |
| Average Home Value | $144,602 |
Housing Distribution
Address Breakdown
Residential
6,788
Single Family
6,388
Multi-Family
400
Businesses
401
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Listed by: Josh Beightol • Shawgo Real Estate LLC
Mls Name: Allegheny Valley BOR
Mls ID: #160806
Disclaimer: Copyright Allegheny Valley Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.