23 Grasso LnWatervillePA17776
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 Waterville at 23 Grasso Ln, Waterville, PA, 17776 priced at $200,000 converts $1,566/mo rent into $255/mo cash flow after a $979/mo obligation. Total monthly income equals $1,566/mo, and annual cash flow totals $3,064/yr on $66,300 invested. Return on cash invested prints 24.53% in year one, and rental yield reads 9.4% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 128.16% and total cumulative return in cash sums $84,968. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,566/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1990
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17776, Waterville, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 346 (100%) |
| Owner Occupied HU | 104 (30.1%) |
| Renter Occupied HU | 14 ( 4.0%) |
| Vacant Housing Units | 228 (65.9%) |
| Median Home Value | $372,727 |
| Average Home Value | $378,005 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
14
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Listed by: Jodi Niver • Berkshire Hathaway HomeServices Hodrick Realty - Wellsboro
Mls Name: Northern Mountains of Pennsylvania MLS
Mls Provider:
Mls ID: #31723579
Disclaimer: Copyright North Central Penn Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.