323 E Cherry StClearfieldPA16830
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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
Rental property for sale in Clearfield at 323 E Cherry St, Clearfield, PA, 16830 priced at $129,900 converts $985/mo rent into $134/mo cash flow after a $636/mo obligation. Total monthly income equals $985/mo, and annual cash flow totals $1,603/yr on $43,062 invested. Return on cash invested prints 23.63% in year one, and rental yield reads 9.1% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 123.3% and total cumulative return in cash sums $53,095. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $985/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16830, Clearfield, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,854 (100%) |
| Owner Occupied HU | 3,946 (57.6%) |
| Renter Occupied HU | 2,010 (29.3%) |
| Vacant Housing Units | 898 (13.1%) |
| Median Home Value | $124,365 |
| Average Home Value | $164,519 |
Housing Distribution
Address Breakdown
Residential
6,049
Single Family
5,840
Multi-Family
209
Businesses
696
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Listed by: Kimberly A Kovall • Realty One Group Landmark- Clearfield
Mls Name: Clearfield Jefferson AOR
Mls ID: #05-11758