339 E Frederick St, Lancaster, PA, 17602 | $254/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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339 E Frederick St, Lancaster, PA, 17602 | $254/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lancaster at 339 E Frederick St, Lancaster, PA, 17602 offers $1,893/mo rent that, after a $1,224/mo payment, leaves $254/mo cash flow. Total monthly income is $1,893/mo, and annual cash flow is $3,053/yr on $82,875 cash. Return on cash invested measures 23.59% in year one, and rental yield stands at 9.09% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 123.1% and total cumulative return in cash reaches $102,022. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,893/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1909

1,307 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 339 E Frederick St a beautifully updated Lancaster City townhouse offering the perfect blend of historic charm and modern convenience. This 3-bed, 1.5-bath home features an inviting layout with original hardwood floors accentuated by exposed brick walls in the living and dining rooms, adding character and warmth that buyers love. The heart of the home boasts an updated kitchen with ceramic tile flooring, crisp cabinetry, stainless appliances, island seating, and upgraded counters perfect for everyday meals and entertaining. Just off the kitchen is a first-floor laundry room that leads out to a quiet, fully fenced rear yard, offering outdoor space for relaxation and gardening. Downstairs, the partially finished basement provides versatile space with a convenient half bath ideal for a play area, hobby space, or additional storage. Upstairs, three well-sized bedrooms and an updated full bathroom make comfortable living easy. This property is within walking distance to Lancaster General Hospital (LGH) and is well positioned near local amenities. Located approximately 0.6 miles from Penn Medicine Park, 1.4 miles from Lancaster Central Market, coffee shops, lunch and dinner destinations, and 1.4 miles from Buchanan Park, the home offers easy access to recreation, dining, and downtown conveniences. Dont miss this opportunity to own a move-in ready property in the heart of Lancaster with timeless details and thoughtful upgrades throughout.

Neighborhood Data

Neighborhood data shown for ZIP Code: 17602, Lancaster, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,730 (100%)
Owner Occupied HU	10,881 (50.1%)
Renter Occupied HU	9,451 (43.5%)
Vacant Housing Units	1,398 ( 6.4%)
Median Home Value	$317,822
Average Home Value	$353,635