318 Lanewood DrNew 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 318 Lanewood Dr, New Castle, PA, 16105 with 5% annual appreciation on a $174,900 basis while $2,263/mo rent supports operations. Total monthly income totals $2,263/mo and a $856/mo payment preserves $1,117/mo for cash returns. Annual cash flow comes to $13,403/yr on $57,979 deployed, and return on cash invested reaches 43.03% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,322 alongside rental yield of 15.53%. Five-year ROI measures 227.27% and total cumulative return in cash totals $131,772.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,263/mo property income versus a $856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
10,454 sqft 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: Anthony Staph • CASTLE REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1645884
Disclaimer: IDX 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.