115 East AveRidgwayPA15853
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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 Ridgway at 115 East Ave, Ridgway, PA, 15853 uses $77,903 cash to close to unlock $5,199/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $1,973/mo, and a $1,150/mo payment keeps the spread at $433/mo. Purchase price stands at $235,000, and rental yield measures 10.07% with $1,973/mo rent. Return on cash invested shows 26.58% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 139.16% and total cumulative return in cash records $108,412. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,973/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15853, Ridgway, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,490 (100%) |
| Owner Occupied HU | 2,073 (59.4%) |
| Renter Occupied HU | 684 (19.6%) |
| Vacant Housing Units | 733 (21.0%) |
| Median Home Value | $135,560 |
| Average Home Value | $186,295 |
Housing Distribution
Address Breakdown
Residential
2,902
Single Family
2,763
Multi-Family
139
Businesses
314
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Listed by: Gennaro Aiello • Anderson & Kime Realty Services Inc
Mls Name: ECBR
Mls ID: #25-235
Disclaimer: Copyright Elk Cameron Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.