122 Ridge AveCentre HallPA16828
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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 Centre Hall at 122 Ridge Ave, Centre Hall, PA, 16828 generates $2,123/mo in rent and, after a $1,224/mo payment, leaves $484/mo in cash flow. Total monthly income is $2,123/mo, and annual cash flow is $5,813/yr on $82,875 invested. Return on cash invested sits at 26.92% in year one, and rental yield is 10.19% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 140.96% and total cumulative return in cash sums $116,818. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,123/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16828, Centre Hall, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,523 (75.0%) |
| Renter Occupied HU | 298 (14.7%) |
| Vacant Housing Units | 210 (10.3%) |
| Median Home Value | $377,246 |
| Average Home Value | $435,396 |
Housing Distribution
Address Breakdown
Residential
1,454
Single Family
1,344
Multi-Family
110
Businesses
123
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Listed by: Marc Mcmaster • RE/MAX Centre Realty
Mls Name: Bright MLS
Mls ID: #PACE2516256