224 Rock Forge RdState CollegePA16803
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
Investment property for sale in State College at 224 Rock Forge Rd, State College, PA, 16803 offers a 5.07% rental yield on a $456,900 purchase with $1,932/mo rent. 5% in year one. Equity gained on principal adds $2,948/yr while 5% annual appreciation supports $126,233 over five years. Portfolio math shows five-year ROI at 58.23% and total cumulative return in cash at $88,200. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,932/mo property income against a $2,236/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2019
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16803, State College, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,938 (100%) |
| Owner Occupied HU | 4,729 (36.6%) |
| Renter Occupied HU | 7,026 (54.3%) |
| Vacant Housing Units | 1,183 ( 9.1%) |
| Median Home Value | $441,023 |
| Average Home Value | $470,696 |
Housing Distribution
Address Breakdown
Residential
10,878
Single Family
7,808
Multi-Family
3,070
Businesses
524
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter Chiarkas • Kissinger, Bigatel & Brower
Mls Name: Bright MLS
Mls ID: #PACE2516984