13692 Ridge RdWest SpringfieldPA16443
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 West Springfield at 13692 Ridge Rd, West Springfield, PA, 16443 offers a 9.21% rental yield on a $279,900 purchase with $2,149/mo rent. Total monthly income registers $2,149/mo, and a $1,370/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,778/yr on $92,787 to close, and return on cash invested stands at 23.98% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 125.15% and total cumulative return in cash at $116,125. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,149/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
2.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16443, West Springfield, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 599 (100%) |
| Owner Occupied HU | 456 (76.1%) |
| Renter Occupied HU | 89 (14.9%) |
| Vacant Housing Units | 54 ( 9.0%) |
| Median Home Value | $198,750 |
| Average Home Value | $233,438 |
Housing Distribution
Address Breakdown
Residential
527
Single Family
527
Multi-Family
0
Businesses
24
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Nearby investment properties with comparable prices
Listed by: Justin Grubbs • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #187800