203 Colby AveSomersetPA15501
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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 Somerset at 203 Colby Ave, Somerset, PA, 15501 generates $1,063/mo in rent and, after a $759/mo payment, leaves $47/mo in cash flow. Total monthly income is $1,063/mo, and annual cash flow is $564/yr on $51,383 invested. Return on cash invested sits at 21.01% in year one, and rental yield is 8.23% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 109.21% and total cumulative return in cash sums $56,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,063/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
7,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15501, Somerset, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,039 (100%) |
| Owner Occupied HU | 4,542 (56.5%) |
| Renter Occupied HU | 2,126 (26.4%) |
| Vacant Housing Units | 1,371 (17.1%) |
| Median Home Value | $205,451 |
| Average Home Value | $257,262 |
Housing Distribution
Address Breakdown
Residential
7,021
Single Family
6,462
Multi-Family
559
Businesses
946
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Listed by: Amy Reeping • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls ID: #1728998