317 Lee StWest NewtonPA15089
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 West Newton at 317 Lee St, West Newton, PA, 15089 priced at $244,000 pairs $1,889/mo rent with $290/mo cash flow after a $1,194/mo payment. Total monthly income equals $1,889/mo, and annual cash flow comes to $3,484/yr on $80,886 invested. Return on cash invested is 24.22% in year one, and rental yield stands at 9.29% on a $244,000 basis. Equity gained on principal adds $1,574/yr, and 5% annual appreciation accumulates to $67,413 by year five. Five-year ROI measures 126.46% and total cumulative return in cash reaches $102,286. For financing, Ziffy Mortgage’s DSCR program evaluates $1,889/mo property income against a $1,194/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15089, West Newton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,163 (100%) |
| Owner Occupied HU | 2,320 (73.3%) |
| Renter Occupied HU | 629 (19.9%) |
| Vacant Housing Units | 214 ( 6.8%) |
| Median Home Value | $203,801 |
| Average Home Value | $258,024 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,717
Multi-Family
140
Businesses
174
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Listed by: Heather Romanelli • COLDWELL BANKER REALTY
Mls Name: WPMLS
Mls ID: #1712708