230 Shenango Fairway DrNew CastlePA16101
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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
Investment property for sale in New Castle at 230 Shenango Fairway Dr, New Castle, PA, 16101 uses $89,472 cash to close to unlock $4,385/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $2,134/mo, and a $1,321/mo payment keeps the spread at $365/mo. Purchase price stands at $269,900, and rental yield measures 9.49% with $2,134/mo rent. Return on cash invested shows 24.81% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 129.63% and total cumulative return in cash records $115,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,134/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Townhouse
Built in 2009
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16101, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,658 (100%) |
| Owner Occupied HU | 9,106 (62.1%) |
| Renter Occupied HU | 3,972 (27.1%) |
| Vacant Housing Units | 1,580 (10.8%) |
| Median Home Value | $143,785 |
| Average Home Value | $183,240 |
Housing Distribution
Address Breakdown
Residential
14,087
Single Family
12,897
Multi-Family
1,190
Businesses
1,064
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Listed by: Jodi Peluso • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls ID: #1737252