321 E Garfield AveNew CastlePA16105
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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 New Castle at 321 E Garfield Ave, New Castle, PA, 16105 offers $1,156/mo rent that, after a $513/mo payment, leaves $469/mo cash flow. Total monthly income is $1,156/mo, and annual cash flow is $5,628/yr on $34,774 cash. Return on cash invested measures 36.09% in year one, and rental yield stands at 13.22% at a $104,900 entry. Equity gained on principal adds $677/yr while 5% annual appreciation compounds into $28,982 by year five. Five-year ROI records 190.26% and total cumulative return in cash reaches $66,162. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,156/mo property income versus a $513/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
5,227 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: Bobbilyn Latimer • BONNER REALTY LLC
Mls Name: WPMLS
Mls ID: #1732572