241 W Water StSlippery RockPA16057
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Nearby investment properties with comparable prices
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 Slippery Rock at 241 W Water St, Slippery Rock, PA, 16057 earns $22/mo cash flow from $1,720/mo rent with a $1,268/mo payment. Total monthly income totals $1,720/mo, and annual cash flow totals $270/yr on $85,859 capital. ROI tracks 20.22% on current figures, and rental yield reads 7.97% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 105.04% and total cumulative return in cash sums $90,184. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,720/mo property income instead of your personal income.
Single Family
Built in 1920
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: Gaye Mack • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls ID: #1726572