32 Spring Hill LnNew CastlePA16101
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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 32 Spring Hill Ln, New Castle, PA, 16101 with 5% annual appreciation on a $182,000 basis while $1,376/mo rent supports operations. Total monthly income totals $1,376/mo and a $891/mo payment preserves $183/mo for cash returns. Annual cash flow comes to $2,198/yr on $60,333 deployed, and return on cash invested reaches 23.55% in year one. Equity gained on principal adds $1,174/yr, and five-year appreciation sums $50,283 alongside rental yield of 9.07%. Five-year ROI measures 122.93% and total cumulative return in cash totals $74,169.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,376/mo property income versus a $891/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16101, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,658 (100%) |
| Owner Occupied HU | 9,106 (62.1%) |
| Renter Occupied HU | 3,972 (27.1%) |
| Vacant Housing Units | 1,580 (10.8%) |
| Median Home Value | $143,785 |
| Average Home Value | $183,240 |
Housing Distribution
Address Breakdown
Residential
14,087
Single Family
12,897
Multi-Family
1,190
Businesses
1,064
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Listed by: Jennifer Reilly • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1711521
Disclaimer: Listing 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.