14603 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 14603 Ridge Rd, West springfield, PA, 16443 uses $44,753 cash to close to unlock $2,365/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,082/mo, and a $661/mo payment keeps the spread at $197/mo. Purchase price stands at $135,000, and rental yield measures 9.62% with $1,082/mo rent. Return on cash invested shows 25.19% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 131.79% and total cumulative return in cash records $58,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,082/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1967
4 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Dunton • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #188026
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.