133 W Locust St APT 218, Mechanicsburg, PA, 17055 | $191/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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133 W Locust St APT 218, Mechanicsburg, PA, 17055 | $191/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mechanicsburg at 133 W Locust St APT 218, Mechanicsburg, PA, 17055 offers a 8.93% rental yield on a $215,000 purchase with $1,600/mo rent. Total monthly income registers $1,600/mo, and a $1,052/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,298/yr on $71,273 to close, and return on cash invested stands at 23.13% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 120.64% and total cumulative return in cash at $85,981. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,600/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1892

N/A lot

$N/A/sqft

No HOA

More details about the property

Own a piece of history in the Schoolhouse Condos. This unique condo is beautifully situated on the 2nd level, featuring 2 BR's and 2 full BA's. The soaring windows and ceilings accentuate the character and old charm of this condo. LVP flooring throughout the home, granite counters in the kitchen, a tremendous amount of natural light fills this home! Storage space is not an issue, there is attic access in the full bath, that houses the HVAC and still allows for storage. There is a private storage closet on the lower level of the building assigned to this unit. A very secure building w/ security code access, a private covered parking spot. The HOA fees covers water, sewer, trash, fitness room, outdoor grilling and patio area. The roof was replaced in 2024 on the entire building. All of this while living walking distance to everything in the Boro of Mechanicsburg!

Neighborhood Data

Neighborhood data shown for ZIP Code: 17055, Mechanicsburg, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,091 (100%)
Owner Occupied HU	12,521 (65.6%)
Renter Occupied HU	5,868 (30.7%)
Vacant Housing Units	702 ( 3.7%)
Median Home Value	$334,021
Average Home Value	$374,100