211 W Wabash AveNew CastlePA16102
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 New Castle at 211 W Wabash Ave, New Castle, PA, 16102 priced at $184,000 converts $2,030/mo rent into $824/mo cash flow after a $901/mo obligation. Total monthly income equals $2,030/mo, and annual cash flow totals $9,886/yr on $60,996 invested. Return on cash invested prints 36.12% in year one, and rental yield reads 13.24% against a $184,000 entry. Equity gained on principal adds $1,187/yr, while 5% annual appreciation compiles into $50,836 by year five. Five-year ROI reaches 190.24% and total cumulative return in cash sums $116,041. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,030/mo property income covering a $901/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,706 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16102, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,463 (100%) |
| Owner Occupied HU | 1,649 (67.0%) |
| Renter Occupied HU | 556 (22.6%) |
| Vacant Housing Units | 258 (10.5%) |
| Median Home Value | $157,935 |
| Average Home Value | $274,357 |
Housing Distribution
Address Breakdown
Residential
2,290
Single Family
2,242
Multi-Family
48
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna Rodgers • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1665921
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.