15 Mehard AveGrove CityPA16127
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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 Grove City at 15 Mehard Ave, Grove City, PA, 16127 offers $1,480/mo rent that, after a $578/mo payment, leaves $706/mo cash flow. Total monthly income is $1,480/mo, and annual cash flow is $8,476/yr on $39,117 cash. Return on cash invested measures 41.58% in year one, and rental yield stands at 15.05% at a $118,000 entry. Equity gained on principal adds $761/yr while 5% annual appreciation compounds into $32,601 by year five. Five-year ROI records 219.6% and total cumulative return in cash reaches $85,899. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,480/mo property income versus a $578/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16127, Grove City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,941 (100%) |
| Owner Occupied HU | 4,054 (68.2%) |
| Renter Occupied HU | 1,361 (22.9%) |
| Vacant Housing Units | 526 ( 8.9%) |
| Median Home Value | $250,518 |
| Average Home Value | $292,512 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,343
Multi-Family
142
Businesses
574
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Listed by: Rebecca Struthers • RE/MAX REAL ESTATE CONSULTANTS, LLC
Mls Name: WPMLS
Mls Provider:
Mls ID: #1654383
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.