120 S Shenango StMercerPA16137
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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 Mercer at 120 S Shenango St, Mercer, PA, 16137 uses $99,450 cash to close to unlock $4,290/yr annual cash flow and $358/mo monthly cash flow. Total monthly income runs $2,323/mo, and a $1,468/mo payment keeps the spread at $358/mo. Purchase price stands at $300,000, and rental yield measures 9.29% with $2,323/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 126.47% and total cumulative return in cash records $125,772. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,323/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1930
10,798 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16137, Mercer, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,019 (100%) |
| Owner Occupied HU | 3,571 (71.1%) |
| Renter Occupied HU | 809 (16.1%) |
| Vacant Housing Units | 639 (12.7%) |
| Median Home Value | $234,224 |
| Average Home Value | $304,621 |
Housing Distribution
Address Breakdown
Residential
4,859
Single Family
4,482
Multi-Family
377
Businesses
397
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Listed by: Norma Struthers • RE/MAX REAL ESTATE CONSULTANTS, LLC
Mls Name: WPMLS
Mls Provider:
Mls ID: #1702021
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.