213 1st AveState CollegePA16801
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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 State College at 213 1st Ave, State College, PA, 16801 generates $2,896/mo in rent and, after a $1,957/mo payment, leaves $276/mo in cash flow. Total monthly income is $2,896/mo, and annual cash flow is $3,310/yr on $132,567 invested. Return on cash invested sits at 22.41% in year one, and rental yield is 8.69% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 116.7% and total cumulative return in cash sums $154,700. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,896/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16801, State College, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,021 (100%) |
| Owner Occupied HU | 7,024 (35.1%) |
| Renter Occupied HU | 11,020 (55.0%) |
| Vacant Housing Units | 1,977 ( 9.9%) |
| Median Home Value | $446,307 |
| Average Home Value | $504,160 |
Housing Distribution
Address Breakdown
Residential
17,998
Single Family
11,135
Multi-Family
6,863
Businesses
1,464
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Listed by: Sarah Sousa • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #PACE2516664