305 E Laurel StPhilipsburgPA16866
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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 Philipsburg at 305 E Laurel St, Philipsburg, PA, 16866 priced at $365,000 converts $1,487/mo rent into after a $1,786/mo obligation. Total monthly income equals $1,487/mo. Return on cash invested prints 10.94% in year one, and rental yield reads 4.89% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 55.23% and total cumulative return in cash sums $66,823. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,487/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16866, Philipsburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,024 (100%) |
| Owner Occupied HU | 2,468 (61.3%) |
| Renter Occupied HU | 1,088 (27.0%) |
| Vacant Housing Units | 468 (11.6%) |
| Median Home Value | $162,539 |
| Average Home Value | $213,907 |
Housing Distribution
Address Breakdown
Residential
3,729
Single Family
3,425
Multi-Family
304
Businesses
414
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Listed by: Brittany N Patrick • Ryen Realty LLC
Mls Name: Clearfield Jefferson AOR
Mls ID: #14-1145