2 E Grand AveTower CityPA17980
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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 Tower City at 2 E Grand Ave, Tower City, PA, 17980 priced at $214,900 converts $1,474/mo rent into $66/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,474/mo, and annual cash flow totals $788/yr on $71,239 invested. Return on cash invested prints 21.01% in year one, and rental yield reads 8.23% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 109.26% and total cumulative return in cash sums $77,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,474/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17980, Tower City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,635 (100%) |
| Owner Occupied HU | 1,148 (70.2%) |
| Renter Occupied HU | 279 (17.1%) |
| Vacant Housing Units | 208 (12.7%) |
| Median Home Value | $164,370 |
| Average Home Value | $194,578 |
Housing Distribution
Address Breakdown
Residential
1,385
Single Family
1,360
Multi-Family
25
Businesses
89
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Listed by: Kelly Unger • Keller Williams of Central PA
Mls Name: Bright MLS
Mls ID: #PASK2023444