1306 Cherrington DrHarrisburgPA17110
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.36% yield at 1306 Cherrington Dr, Harrisburg, PA, 17110 in Harrisburg is solid, but the $939/mo payment compresses net cash flow to $28/mo at $208,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $57,715 by year five, and $1,924/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.87) without U.S. income documentation. Total projected return: $104,429.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.2% |
| Monthly Cash Flow | $28 | $450 |
City averages based on Harrisburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,755 |
| Total Monthly Debt Service | $1,286 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17110, Harrisburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,578 (100%) |
| Owner Occupied HU | 7,568 (55.7%) |
| Renter Occupied HU | 4,921 (36.2%) |
| Vacant Housing Units | 1,089 ( 8.0%) |
| Median Home Value | $264,104 |
| Average Home Value | $319,350 |
Housing Distribution
Address Breakdown
Residential
12,748
Single Family
11,600
Multi-Family
1,148
Businesses
1,029
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
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17110, Harrisburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,578 (100%) |
| Owner Occupied HU | 7,568 (55.7%) |
| Renter Occupied HU | 4,921 (36.2%) |
| Vacant Housing Units | 1,089 ( 8.0%) |
| Median Home Value | $264,104 |
| Average Home Value | $319,350 |
Housing Distribution
Address Breakdown
Residential
12,748
Single Family
11,600
Multi-Family
1,148
Businesses
1,029
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joette Swartz • RE/MAX Realty Select
Mls Name: Bright MLS
Mls ID: #PADA2046958