309 Luzerne StJohnstownPA15905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Johnstown at 309 Luzerne St, Johnstown, PA, 15905 offers $1,468/mo rent that, after a $857/mo payment, leaves $321/mo cash flow. Total monthly income is $1,468/mo, and annual cash flow is $3,849/yr on $58,013 cash. Return on cash invested measures 26.54% in year one, and rental yield stands at 10.07% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 138.93% and total cumulative return in cash reaches $80,599. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,468/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15905, Johnstown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,846 (100%) |
| Owner Occupied HU | 6,725 (68.3%) |
| Renter Occupied HU | 2,048 (20.8%) |
| Vacant Housing Units | 1,073 (10.9%) |
| Median Home Value | $153,828 |
| Average Home Value | $183,997 |
Housing Distribution
Address Breakdown
Residential
9,119
Single Family
8,567
Multi-Family
552
Businesses
392
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Listed by: Don Colvin & Erin Colvin • RE/MAX POWER Associates
Mls Name: CSMLS
Mls Provider:
Mls ID: #96036687
Disclaimer: Copyright Cambria Somerset Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.