216 Vine CtNew WilmingtonPA16142
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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 New Wilmington at 216 Vine Ct, New Wilmington, PA, 16142 uses $94,478 cash to close to unlock $2,920/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $2,111/mo, and a $1,395/mo payment keeps the spread at $243/mo. Purchase price stands at $285,000, and rental yield measures 8.89% with $2,111/mo rent. Return on cash invested shows 23% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 119.92% and total cumulative return in cash records $113,298. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,111/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16142, New Wilmington, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,430 (100%) |
| Owner Occupied HU | 1,705 (70.2%) |
| Renter Occupied HU | 503 (20.7%) |
| Vacant Housing Units | 222 ( 9.1%) |
| Median Home Value | $269,459 |
| Average Home Value | $344,949 |
Housing Distribution
Address Breakdown
Residential
2,182
Single Family
2,052
Multi-Family
130
Businesses
156
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Listed by: Caren Foy • KELLER WILLIAMS REALTY
Mls Name: WPMLS
Mls ID: #1725213