1260 Ohio AveMidlandPA15059
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
Rental property for sale in Midland at 1260 Ohio Ave, Midland, PA, 15059 generates $1,592/mo in rent and, after a $1,028/mo payment, leaves $216/mo in cash flow. Total monthly income is $1,592/mo, and annual cash flow is $2,589/yr on $69,615 invested. Return on cash invested sits at 23.63% in year one, and rental yield is 9.1% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 123.27% and total cumulative return in cash sums $85,816. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,592/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15059, Midland, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,053 (52.4%) |
| Renter Occupied HU | 665 (33.1%) |
| Vacant Housing Units | 291 (14.5%) |
| Median Home Value | $168,527 |
| Average Home Value | $203,348 |
Housing Distribution
Address Breakdown
Residential
1,765
Single Family
1,689
Multi-Family
76
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Gulla • RE/MAX SELECT REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1715565
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.