211 W 3rd StOil CityPA16301
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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
Investment property for sale in Oil City at 211 W 3rd St, Oil City, PA, 16301 uses $49,725 cash to close to unlock $145/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $1,151/mo, and a $734/mo payment keeps the spread at $12/mo. Purchase price stands at $150,000, and rental yield measures 9.21% with $1,151/mo rent. Return on cash invested shows 20.2% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 106.34% and total cumulative return in cash records $52,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,151/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16301, Oil City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,861 (100%) |
| Owner Occupied HU | 4,366 (55.5%) |
| Renter Occupied HU | 2,013 (25.6%) |
| Vacant Housing Units | 1,482 (18.9%) |
| Median Home Value | $101,651 |
| Average Home Value | $144,602 |
Housing Distribution
Address Breakdown
Residential
6,788
Single Family
6,388
Multi-Family
400
Businesses
401
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Listed by: Allen Sharrer • 1st Rate Realty, LLC
Mls Name: Allegheny Valley BOR
Mls ID: #161323
Disclaimer: Copyright Allegheny Valley Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.