306 W Meyer AveNew CastlePA16105
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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 New Castle at 306 W Meyer Ave, New Castle, PA, 16105 uses $76,245 cash to close to unlock $5,011/yr annual cash flow and $418/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $1,126/mo payment keeps the spread at $418/mo. Purchase price stands at $230,000, and rental yield measures 10.04% with $1,925/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 138.57% and total cumulative return in cash records $105,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16105, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 5,094 (70.6%) |
| Renter Occupied HU | 1,509 (20.9%) |
| Vacant Housing Units | 612 ( 8.5%) |
| Median Home Value | $215,466 |
| Average Home Value | $242,202 |
Housing Distribution
Address Breakdown
Residential
6,896
Single Family
6,702
Multi-Family
194
Businesses
562
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Listed by: Elizabeth Fisher • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1711730
Disclaimer: Listing information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.