213 Spruce StRidgwayPA15853
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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 Ridgway at 213 Spruce St, Ridgway, PA, 15853 uses $52,709 cash to close to unlock $5,428/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $1,494/mo, and a $778/mo payment keeps the spread at $452/mo. Purchase price stands at $159,000, and rental yield measures 11.28% with $1,494/mo rent. Return on cash invested shows 30.21% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 158.57% and total cumulative return in cash records $83,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,494/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15853, Ridgway, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,490 (100%) |
| Owner Occupied HU | 2,073 (59.4%) |
| Renter Occupied HU | 684 (19.6%) |
| Vacant Housing Units | 733 (21.0%) |
| Median Home Value | $135,560 |
| Average Home Value | $186,295 |
Housing Distribution
Address Breakdown
Residential
2,902
Single Family
2,763
Multi-Family
139
Businesses
314
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Listed by: Ben Kmetz • Elk County Real Estate
Mls Name: ECBR
Mls ID: #25-306