12504 Ridge RdEast SpringfieldPA16411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 East Springfield at 12504 Ridge Rd, East Springfield, PA, 16411 offers a 10.78% rental yield on a $195,000 purchase with $1,751/mo rent. Total monthly income registers $1,751/mo, and a $954/mo payment leaves $474/mo available for distribution. Annual cash flow reaches $5,683/yr on $64,643 to close, and return on cash invested stands at 28.7% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 150.47% and total cumulative return in cash at $97,270. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,751/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16411, East Springfield, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 433 (67.4%) |
| Renter Occupied HU | 81 (12.6%) |
| Vacant Housing Units | 128 (19.9%) |
| Median Home Value | $209,783 |
| Average Home Value | $280,947 |
Housing Distribution
Address Breakdown
Residential
525
Single Family
525
Multi-Family
0
Businesses
13
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Listed by: Shannon Kincade • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #187503