217 Vernon DrWest NewtonPA15089
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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 West Newton at 217 Vernon Dr, West Newton, PA, 15089 priced at $149,900 pairs $1,390/mo rent with $407/mo cash flow after a $734/mo payment. Total monthly income equals $1,390/mo, and annual cash flow comes to $4,889/yr on $49,692 invested. Return on cash invested is 29.75% in year one, and rental yield stands at 11.13% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 156.14% and total cumulative return in cash reaches $77,591. For financing, Ziffy Mortgage’s DSCR program evaluates $1,390/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15089, West Newton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,163 (100%) |
| Owner Occupied HU | 2,320 (73.3%) |
| Renter Occupied HU | 629 (19.9%) |
| Vacant Housing Units | 214 ( 6.8%) |
| Median Home Value | $203,801 |
| Average Home Value | $258,024 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,717
Multi-Family
140
Businesses
174
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Listed by: Sherry Kohuth • HOWARD HANNA MID MON VALLEY OFFICE
Mls Name: WPMLS
Mls Provider:
Mls ID: #1677889
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.