309 Greenwood DrHermitagePA16148
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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 Hermitage at 309 Greenwood Dr, Hermitage, PA, 16148 uses $72,267 cash to close to unlock $2,226/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,614/mo, and a $1,067/mo payment keeps the spread at $185/mo. Purchase price stands at $218,000, and rental yield measures 8.88% with $1,614/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 119.85% and total cumulative return in cash records $86,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,614/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16148, Hermitage, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,870 (100%) |
| Owner Occupied HU | 5,203 (66.1%) |
| Renter Occupied HU | 2,032 (25.8%) |
| Vacant Housing Units | 635 ( 8.1%) |
| Median Home Value | $211,289 |
| Average Home Value | $263,165 |
Housing Distribution
Address Breakdown
Residential
7,856
Single Family
6,972
Multi-Family
884
Businesses
1,014
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Listed by: Terry Berchtold • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls ID: #1710494