116 W 2nd StOil CityPA16301
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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 Oil City at 116 W 2nd St, Oil City, PA, 16301 earns from $931/mo rent with a $783/mo payment. Total monthly income totals $931/mo. ROI tracks 17.25% on current figures, and rental yield reads 6.98% at a $160,001 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 89.1% and total cumulative return in cash sums $47,258. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $931/mo property income instead of your personal income.
Multi Family
Built in 1900
7,840 sqft 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: Michael Bordell • Realty One Group Landmark - Butler
Mls Name: Allegheny Valley BOR
Mls ID: #162431