302 N Cedar StNew CastlePA16102
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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 302 N Cedar St, New Castle, PA, 16102 offers $1,128/mo rent that, after a $561/mo payment, leaves $377/mo cash flow. Total monthly income is $1,128/mo, and annual cash flow is $4,524/yr on $37,975 cash. Return on cash invested measures 31.82% in year one, and rental yield stands at 11.82% at a $114,555 entry. Equity gained on principal adds $739/yr while 5% annual appreciation compounds into $31,649 by year five. Five-year ROI records 167.32% and total cumulative return in cash reaches $63,542. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,128/mo property income versus a $561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16102, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,463 (100%) |
| Owner Occupied HU | 1,649 (67.0%) |
| Renter Occupied HU | 556 (22.6%) |
| Vacant Housing Units | 258 (10.5%) |
| Median Home Value | $157,935 |
| Average Home Value | $274,357 |
Housing Distribution
Address Breakdown
Residential
2,290
Single Family
2,242
Multi-Family
48
Businesses
103
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Listed by: Francesca Ferrara • CASTLE REALTY
Mls Name: WPMLS
Mls ID: #1720164