215 W 2nd 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 215 W 2nd St, Oil City, PA, 16301 listed at $205,999 pairs $1,946/mo rent with a $1,008/mo payment to leave $413/mo cash flow. Total monthly income runs $1,946/mo, and annual cash flow reaches $4,950/yr on $68,289 cash to close. Return on cash invested measures 27.16% in year one, and rental yield registers 11.34% at a $205,999 basis. Equity gained on principal adds $1,329/yr, and annual property appreciation at 5% supports $56,914 by year five. Five-year ROI tracks 143.4% and total cumulative return in cash totals $97,927. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,946/mo property income relative to a $1,008/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
8,712 sqft 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: Michael Bordell • Shawgo Real Estate LLC
Mls Name: Allegheny Valley BOR
Mls ID: #159097
Disclaimer: Copyright Allegheny Valley Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.