131 Wellington StNorth 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 131 Wellington St, North East, PA, 16428 uses $81,184 cash to close to unlock $6,923/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $2,182/mo, and a $1,199/mo payment keeps the spread at $577/mo. Purchase price stands at $244,900, and rental yield measures 10.69% with $2,182/mo rent. Return on cash invested shows 28.44% in year one, and 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 149.03% and total cumulative return in cash records $120,989. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,182/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.42 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: Joshua Kitchen • RE/MAX Real Estate Group East
Mls Name: GEMLS
Mls ID: #188082