124 Shorewood DrNorth EastPA16428
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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 North East at 124 Shorewood Dr, North East, PA, 16428 uses $74,554 cash to close to unlock $8,976/yr annual cash flow and $748/mo monthly cash flow. Total monthly income runs $2,222/mo, and a $1,101/mo payment keeps the spread at $748/mo. Purchase price stands at $224,900, and rental yield measures 11.86% with $2,222/mo rent. Return on cash invested shows 31.95% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 167.96% and total cumulative return in cash records $125,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,222/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1967
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16428, North East, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,453 (100%) |
| Owner Occupied HU | 3,935 (72.2%) |
| Renter Occupied HU | 1,076 (19.7%) |
| Vacant Housing Units | 442 ( 8.1%) |
| Median Home Value | $230,046 |
| Average Home Value | $271,376 |
Housing Distribution
Address Breakdown
Residential
5,192
Single Family
4,864
Multi-Family
328
Businesses
355
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Listed by: Denise Caruana • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #187395