230 Elm StSlippery RockPA16057
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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 Slippery Rock at 230 Elm St, Slippery Rock, PA, 16057 offers $1,680/mo rent that, after a $1,689/mo payment. Total monthly income is $1,680/mo. Return on cash invested measures 13.81% in year one, and rental yield stands at 5.84% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 70.63% and total cumulative return in cash reaches $80,776. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,680/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16057, Slippery Rock, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 3,101 (49.2%) |
| Renter Occupied HU | 2,115 (33.6%) |
| Vacant Housing Units | 1,083 (17.2%) |
| Median Home Value | $324,449 |
| Average Home Value | $380,740 |
Housing Distribution
Address Breakdown
Residential
4,855
Single Family
4,375
Multi-Family
480
Businesses
289
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Listed by: Maria Ortiz • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #188292