217 Spring StCorryPA16407
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 Corry at 217 Spring St, Corry, PA, 16407 priced at $184,900 converts $1,843/mo rent into $631/mo cash flow after a $905/mo obligation. Total monthly income equals $1,843/mo, and annual cash flow totals $7,577/yr on $61,294 invested. Return on cash invested prints 32.27% in year one, and rental yield reads 11.96% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 169.65% and total cumulative return in cash sums $103,987. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,843/mo property income covering a $905/mo payment, not borrower’s personal income.
Multi Family
Built in 1880
4,878 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16407, Corry, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,659 (100%) |
| Owner Occupied HU | 2,963 (63.6%) |
| Renter Occupied HU | 1,245 (26.7%) |
| Vacant Housing Units | 451 ( 9.7%) |
| Median Home Value | $161,341 |
| Average Home Value | $197,347 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,256
Multi-Family
140
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Rosenbaum • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #184032
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.