3119 Cherry Flats RdCovingtonPA16917
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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 Covington at 3119 Cherry Flats Rd, Covington, PA, 16917 with 5% annual appreciation on a $385,000 basis while $2,401/mo rent supports operations. 77% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,368 alongside rental yield of 7.48%. Five-year ROI measures 97.2% and total cumulative return in cash totals $124,054. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,401/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
3.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16917, Covington, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 715 (100%) |
| Owner Occupied HU | 459 (64.2%) |
| Renter Occupied HU | 137 (19.2%) |
| Vacant Housing Units | 119 (16.6%) |
| Median Home Value | $256,034 |
| Average Home Value | $288,486 |
Housing Distribution
Address Breakdown
Residential
537
Single Family
537
Multi-Family
0
Businesses
34
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Listed by: Karen Hackett • Cowanesque Lake Realty LLC
Mls Name: Northern Mountains of Pennsylvania MLS
Mls ID: #31723290