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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lancaster at 1811 Spring Ridge Ln, Lancaster, PA, 17603 generates $2,555/mo in rent and, after a $1,370/mo payment, leaves $645/mo in cash flow. Total monthly income is $2,555/mo, and annual cash flow is $7,743/yr on $92,787 invested. Return on cash invested sits at 28.25% in year one, and rental yield is 10.95% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 148.46% and total cumulative return in cash sums $137,749. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,555/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
6,970 sqft lot
$N/A/sqft
$73 monthly HOA
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Listed for sale | $279,900 |
| 2022-07-07 | Sold | $230,000 |
| 2022-05-17 | Pending sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-12 | $4201.93 | 2.36% | $145,700 | N/A |
| 2023-11-12 | $4104.97 | 6.34% | $145,700 | N/A |
| 2022-11-12 | $3860.19 | N/A | $145,700 | N/A |
Listed by: Christine Nolt • Kingsway Realty - Lancaster
Mls Name: Bright MLS
Mls Provider:
Mls ID: #PALA2057462
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)
