1238 Erdman Rd, Lykens, PA, 17048 | $159/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1238 Erdman Rd, Lykens, PA, 17048 | $159/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lykens at 1238 Erdman Rd, Lykens, PA, 17048 offers a 9.45% rental yield on a $120,000 purchase with $945/mo rent. Total monthly income registers $945/mo, and a $587/mo payment leaves $159/mo available for distribution. Annual cash flow reaches $1,908/yr on $39,780 to close, and return on cash invested stands at 24.71% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 129.01% and total cumulative return in cash at $51,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $945/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1925

1.11 Acres lot

$N/A/sqft

No HOA

More details about the property

Investor Special Bring All Cash Offers! Located in the country in Lykens, Dauphin County, this property sits on 1.11 acres and offers approximately 2,800 sq. ft. of livable space, combining the original 1,100 sq. ft. structure with a fully permitted 1,700 sq. ft. addition. Currently set up as a 2-bedroom, 1-bath home with a livable basement, it also includes two garages and a shed for a total of three bays. About 70% of the home is brand new, only needing cosmetic repairs to bring the house back to life. Updates include a new metal roof (2023), a new well drilled in March 2025, new electrical wiring completed about six months ago, new drywall installed in 2025, and 90% of the windows replaced in 2023. Half of the home is fully finished and brand new, while the other half has been remodeled but is not yet fully completed. Property needs a new septic tank. Home is being sold as is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 17048, Lykens, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,297 (100%)
Owner Occupied HU	1,537 (66.9%)
Renter Occupied HU	505 (22.0%)
Vacant Housing Units	255 (11.1%)
Median Home Value	$236,194
Average Home Value	$336,492