218 Cook AveRidgwayPA15853
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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 Ridgway at 218 Cook Ave, Ridgway, PA, 15853 priced at $129,000 pairs $1,615/mo rent with $770/mo cash flow after a $631/mo payment. Total monthly income equals $1,615/mo, and annual cash flow comes to $9,241/yr on $42,764 invested. Return on cash invested is 41.52% in year one, and rental yield stands at 15.02% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 219.33% and total cumulative return in cash reaches $93,793. For financing, Ziffy Mortgage’s DSCR program evaluates $1,615/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
5,662 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: Debra Dippold • Elk County Real Estate
Mls Name: ECBR
Mls ID: #25-257