142 E Garfield AveNew CastlePA16105
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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
Rental property for sale in New Castle at 142 E Garfield Ave, New Castle, PA, 16105 generates $1,570/mo in rent and, after a $857/mo payment, leaves $423/mo in cash flow. Total monthly income is $1,570/mo, and annual cash flow is $5,073/yr on $58,013 invested. Return on cash invested sits at 28.65% in year one, and rental yield is 10.77% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 150.25% and total cumulative return in cash sums $87,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,570/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16105, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 5,094 (70.6%) |
| Renter Occupied HU | 1,509 (20.9%) |
| Vacant Housing Units | 612 ( 8.5%) |
| Median Home Value | $215,466 |
| Average Home Value | $242,202 |
Housing Distribution
Address Breakdown
Residential
6,896
Single Family
6,702
Multi-Family
194
Businesses
562
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Listed by: Lisa Peters • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls ID: #1726900