280 Old Hickory Ridge RdWashingtonPA15301
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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 Washington at 280 Old Hickory Ridge Rd, Washington, PA, 15301 offers $1,740/mo rent that, after a $937/mo payment, leaves $485/mo cash flow. Total monthly income is $1,740/mo, and annual cash flow is $5,825/yr on $63,482 cash. Return on cash invested measures 29.09% in year one, and rental yield stands at 10.9% at a $191,500 entry. Equity gained on principal adds $1,236/yr while 5% annual appreciation compounds into $52,908 by year five. Five-year ROI records 152.57% and total cumulative return in cash reaches $96,855. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,740/mo property income versus a $937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15301, Washington, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,365 (100%) |
| Owner Occupied HU | 14,503 (62.1%) |
| Renter Occupied HU | 6,566 (28.1%) |
| Vacant Housing Units | 2,296 ( 9.8%) |
| Median Home Value | $262,839 |
| Average Home Value | $315,220 |
Housing Distribution
Address Breakdown
Residential
22,187
Single Family
20,057
Multi-Family
2,130
Businesses
1,996
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Listed by: Kelli Verosky • RE/MAX SELECT REALTY
Mls Name: WPMLS
Mls ID: #1700124