2714 Forest AveNew 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
Rental property for sale in New Castle at 2714 Forest Ave, New Castle, PA, 16101 offers $1,710/mo rent that, after a $952/mo payment, leaves $435/mo cash flow. Total monthly income is $1,710/mo, and annual cash flow is $5,224/yr on $64,503 cash. Return on cash invested measures 28.01% in year one, and rental yield stands at 10.55% at a $194,578 entry. Equity gained on principal adds $1,256/yr while 5% annual appreciation compounds into $53,758 by year five. Five-year ROI records 146.8% and total cumulative return in cash reaches $94,690. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,710/mo property income versus a $952/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
0.31 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: Ronalyn Mitcheltree • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1681841
Disclaimer: IDX 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.