2588 Frew Mill RdNew CastlePA16101
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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 New Castle at 2588 Frew Mill Rd, New Castle, PA, 16101 offers a 9.04% rental yield on a $125,000 purchase with $942/mo rent. Total monthly income registers $942/mo, and a $612/mo payment leaves $123/mo available for distribution. Annual cash flow reaches $1,473/yr on $41,438 to close, and return on cash invested stands at 23.46% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 122.39% and total cumulative return in cash at $50,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $942/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16101, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,658 (100%) |
| Owner Occupied HU | 9,106 (62.1%) |
| Renter Occupied HU | 3,972 (27.1%) |
| Vacant Housing Units | 1,580 (10.8%) |
| Median Home Value | $143,785 |
| Average Home Value | $183,240 |
Housing Distribution
Address Breakdown
Residential
14,087
Single Family
12,897
Multi-Family
1,190
Businesses
1,064
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Listed by: Renee Dean • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls ID: #1716594