1755 Canoe Camp Creek RdCovingtonPA16917
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
Rental property for sale in Covington at 1755 Canoe Camp Creek Rd, Covington, PA, 16917 offers $2,969/mo rent that, after a $1,664/mo payment, leaves $741/mo cash flow. Total monthly income is $2,969/mo, and annual cash flow is $8,896/yr on $112,677 cash. Return on cash invested measures 27.8% in year one, and rental yield stands at 10.48% at a $339,900 entry. Equity gained on principal adds $2,193/yr while 5% annual appreciation compounds into $93,908 by year five. Five-year ROI records 145.68% and total cumulative return in cash reaches $164,147. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,969/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
11.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16917, Covington, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 715 (100%) |
| Owner Occupied HU | 459 (64.2%) |
| Renter Occupied HU | 137 (19.2%) |
| Vacant Housing Units | 119 (16.6%) |
| Median Home Value | $256,034 |
| Average Home Value | $288,486 |
Housing Distribution
Address Breakdown
Residential
537
Single Family
537
Multi-Family
0
Businesses
34
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Listed by: Richard Pino • Penn Oak Realty Mansfield
Mls Name: Northern Mountains of Pennsylvania MLS
Mls Provider:
Mls ID: #31720033
Disclaimer: Copyright North Central Penn Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.