304 E Mitchell AveState CollegePA16803
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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 State College at 304 E Mitchell Ave, State College, PA, 16803 offers a 5.24% rental yield on a $485,000 purchase with $2,117/mo rent. 99% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 60.84% and total cumulative return in cash at $97,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,117/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16803, State College, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,938 (100%) |
| Owner Occupied HU | 4,729 (36.6%) |
| Renter Occupied HU | 7,026 (54.3%) |
| Vacant Housing Units | 1,183 ( 9.1%) |
| Median Home Value | $441,023 |
| Average Home Value | $470,696 |
Housing Distribution
Address Breakdown
Residential
10,878
Single Family
7,808
Multi-Family
3,070
Businesses
524
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Listed by: Chris Bickford • Keller Williams Advantage Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #PACE2515918
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