24 Split Rock RdLake HarmonyPA18624
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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 Lake Harmony at 24 Split Rock Rd, Lake Harmony, PA, 18624 priced at $610,000 converts $2,144/mo rent into after a $2,986/mo obligation. Total monthly income equals $2,144/mo. Return on cash invested prints 8.98% in year one, and rental yield reads 4.22% against a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation compiles into $168,532 by year five. Five-year ROI reaches 44.68% and total cumulative return in cash sums $89,659. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,144/mo property income covering a $2,986/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18624, Lake Harmony, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,924 (100%) |
| Owner Occupied HU | 288 (15.0%) |
| Renter Occupied HU | 57 ( 3.0%) |
| Vacant Housing Units | 1,579 (82.1%) |
| Median Home Value | $434,167 |
| Average Home Value | $627,656 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
33
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Listed by: Lucille M. Richmond • Century 21 Select Group
Mls Name: GLVR
Mls ID: #769431