23 Harley AveAlbionPA16401
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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 Albion at 23 Harley Ave, Albion, PA, 16401 priced at $185,000 converts $1,775/mo rent into $563/mo cash flow after a $905/mo obligation. Total monthly income equals $1,775/mo, and annual cash flow totals $6,759/yr on $61,328 invested. Return on cash invested prints 30.93% in year one, and rental yield reads 11.51% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 162.47% and total cumulative return in cash sums $99,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,775/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16401, Albion, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,867 (100%) |
| Owner Occupied HU | 1,336 (71.6%) |
| Renter Occupied HU | 360 (19.3%) |
| Vacant Housing Units | 171 ( 9.2%) |
| Median Home Value | $215,642 |
| Average Home Value | $250,071 |
Housing Distribution
Address Breakdown
Residential
1,775
Single Family
1,710
Multi-Family
65
Businesses
100
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Listed by: Lori Rosenbaum • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #180988
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.