245 Lily Ridge Dr NCanonsburgPA15317
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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 Canonsburg at 245 Lily Ridge Dr N, Canonsburg, PA, 15317 uses $197,071 cash to close to unlock $7,316/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $4,535/mo, and a $2,932/mo payment keeps the spread at $610/mo. Purchase price stands at $599,000, and rental yield measures 9.09% with $4,535/mo rent. Return on cash invested shows 23.77% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 124.01% and total cumulative return in cash records $244,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,535/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15317, Canonsburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,630 (100%) |
| Owner Occupied HU | 14,622 (74.5%) |
| Renter Occupied HU | 3,779 (19.3%) |
| Vacant Housing Units | 1,229 ( 6.3%) |
| Median Home Value | $387,206 |
| Average Home Value | $416,592 |
Housing Distribution
Address Breakdown
Residential
18,748
Single Family
17,720
Multi-Family
1,028
Businesses
1,945
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Listed by: Sandra Toulouse • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1690795
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