1500 N 6th St APT 511HarrisburgPA17102
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1500 N 6th St APT 511, Harrisburg, PA, 17102 in Harrisburg: $3,064/mo in rent, $279/mo in net income, 8.65% gross yield, 1.60 DSCR, all at $424,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $117,392 in appreciation and $3,913/yr in principal paydown projects total cumulative return of $179,786.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.2% |
| Monthly Cash Flow | $279 | $450 |
City averages based on Harrisburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,064 |
| Total Monthly Debt Service | $2,615 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17102, Harrisburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,315 (100%) |
| Owner Occupied HU | 1,393 (26.2%) |
| Renter Occupied HU | 3,107 (58.5%) |
| Vacant Housing Units | 815 (15.3%) |
| Median Home Value | $209,933 |
| Average Home Value | $239,765 |
Housing Distribution
Address Breakdown
Residential
4,338
Single Family
2,542
Multi-Family
1,796
Businesses
311
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
Condo
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17102, Harrisburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,315 (100%) |
| Owner Occupied HU | 1,393 (26.2%) |
| Renter Occupied HU | 3,107 (58.5%) |
| Vacant Housing Units | 815 (15.3%) |
| Median Home Value | $209,933 |
| Average Home Value | $239,765 |
Housing Distribution
Address Breakdown
Residential
4,338
Single Family
2,542
Multi-Family
1,796
Businesses
311
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bill Malloy • Berkshire Hathaway HomeServices Homesale Realty
Mls Name: Bright MLS
Mls ID: #PADA2047312