24 Reo Dr #24APalmyraPA17078
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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 Palmyra at 24 Reo Dr #24A, Palmyra, PA, 17078 generates $844/mo in rent and, after a $534/mo payment, leaves $129/mo in cash flow. Total monthly income is $844/mo, and annual cash flow is $1,551/yr on $36,134 invested. Return on cash invested sits at 24.2% in year one, and rental yield is 9.29% on a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 126.49% and total cumulative return in cash sums $45,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $844/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17078, Palmyra, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,220 (100%) |
| Owner Occupied HU | 7,158 (70.0%) |
| Renter Occupied HU | 2,688 (26.3%) |
| Vacant Housing Units | 374 ( 3.7%) |
| Median Home Value | $336,535 |
| Average Home Value | $356,398 |
Housing Distribution
Address Breakdown
Residential
9,775
Single Family
9,149
Multi-Family
626
Businesses
433
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Listed by: WENDY FEASER-RYAN • Iron Valley Real Estate of Central PA
Mls Name: Bright MLS
Mls ID: #PALN2023670