304 16th StFranklinPA16323
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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 Franklin at 304 16th St, Franklin, PA, 16323 generates $1,698/mo in rent and, after a $905/mo payment, leaves $486/mo in cash flow. Total monthly income is $1,698/mo, and annual cash flow is $5,835/yr on $61,328 invested. Return on cash invested sits at 29.42% in year one, and rental yield is 11.01% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 154.39% and total cumulative return in cash sums $94,683. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,698/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16323, Franklin, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,308 (100%) |
| Owner Occupied HU | 4,678 (64.0%) |
| Renter Occupied HU | 1,781 (24.4%) |
| Vacant Housing Units | 849 (11.6%) |
| Median Home Value | $147,654 |
| Average Home Value | $190,611 |
Housing Distribution
Address Breakdown
Residential
6,829
Single Family
6,570
Multi-Family
259
Businesses
633
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Listed by: Mathew Beith • 1st Rate Realty, LLC
Mls Name: Allegheny Valley BOR
Mls ID: #162471