116 Locust DrMilfordPA18337
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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 Milford at 116 Locust Dr, Milford, PA, 18337 offers $3,941/mo rent that, after a $1,958/mo payment, leaves $1,320/mo cash flow. Total monthly income is $3,941/mo, and annual cash flow is $15,836/yr on $132,600 cash. Return on cash invested measures 31.85% in year one, and rental yield stands at 11.82% at a $400,000 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,513 by year five. Five-year ROI records 167.36% and total cumulative return in cash reaches $221,920. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,941/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18337, Milford, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,535 (100%) |
| Owner Occupied HU | 5,653 (66.2%) |
| Renter Occupied HU | 983 (11.5%) |
| Vacant Housing Units | 1,899 (22.2%) |
| Median Home Value | $314,200 |
| Average Home Value | $344,360 |
Housing Distribution
Address Breakdown
Residential
6,840
Single Family
6,791
Multi-Family
49
Businesses
563
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Listed by: Regina Thoenig, Assoc. Broker • Keller Williams RE Milford
Mls Name: PWAR
Mls ID: #PW253526