2002 Michael AveIrwinPA15642
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 Irwin at 2002 Michael Ave, Irwin, PA, 15642 generates $1,439/mo in rent and, after a $1,018/mo payment, leaves $76/mo in cash flow. Total monthly income is $1,439/mo, and annual cash flow is $913/yr on $68,952 invested. Return on cash invested sits at 21.23% in year one, and rental yield is 8.3% on a $207,999 entry. Equity gained on principal adds $1,342/yr, while 5% annual appreciation builds toward $57,466 over five years. Five-year ROI reaches 110.46% and total cumulative return in cash sums $76,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,439/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15642, Irwin, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,340 (100%) |
| Owner Occupied HU | 16,291 (80.1%) |
| Renter Occupied HU | 2,979 (14.6%) |
| Vacant Housing Units | 1,070 ( 5.3%) |
| Median Home Value | $292,134 |
| Average Home Value | $334,371 |
Housing Distribution
Address Breakdown
Residential
19,788
Single Family
19,005
Multi-Family
783
Businesses
1,107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Pellis • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls ID: #1729940