244 W Venango StMercerPA16137
Nearby investment properties with comparable rents
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 Mercer at 244 W Venango St, Mercer, PA, 16137 offers a 12.05% rental yield on a $127,000 purchase with $1,275/mo rent. Total monthly income registers $1,275/mo, and a $622/mo payment leaves $442/mo available for distribution. Annual cash flow reaches $5,309/yr on $42,101 to close, and return on cash invested stands at 32.52% in year one. Equity gained on principal adds $820/yr while 5% annual appreciation supports $35,088 over five years. Portfolio math shows five-year ROI at 171.04% and total cumulative return in cash at $72,009. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,275/mo property income against a $622/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1903
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16137, Mercer, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,019 (100%) |
| Owner Occupied HU | 3,571 (71.1%) |
| Renter Occupied HU | 809 (16.1%) |
| Vacant Housing Units | 639 (12.7%) |
| Median Home Value | $234,224 |
| Average Home Value | $304,621 |
Housing Distribution
Address Breakdown
Residential
4,859
Single Family
4,482
Multi-Family
377
Businesses
397
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Hall • ERA JOHNSON REAL ESTATE INC.
Mls Name: WPMLS
Mls Provider:
Mls ID: #1705585
Disclaimer: Listing information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.