343 Melbourne LnMechanicsburgPA17055
Nearby investment properties with comparable rents
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 Mechanicsburg at 343 Melbourne Ln, Mechanicsburg, PA, 17055 priced at $292,500 converts $2,190/mo rent into $273/mo cash flow after a $1,432/mo obligation. Total monthly income equals $2,190/mo, and annual cash flow totals $3,275/yr on $96,964 invested. Return on cash invested prints 23.29% in year one, and rental yield reads 8.98% against a $292,500 entry. Equity gained on principal adds $1,887/yr, while 5% annual appreciation compiles into $80,812 by year five. Five-year ROI reaches 121.43% and total cumulative return in cash sums $117,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,190/mo property income covering a $1,432/mo payment, not borrower’s personal income.
Townhouse
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17055, Mechanicsburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,091 (100%) |
| Owner Occupied HU | 12,521 (65.6%) |
| Renter Occupied HU | 5,868 (30.7%) |
| Vacant Housing Units | 702 ( 3.7%) |
| Median Home Value | $334,021 |
| Average Home Value | $374,100 |
Housing Distribution
Address Breakdown
Residential
19,021
Single Family
17,924
Multi-Family
1,097
Businesses
1,327
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SALLY CHAPLIN • Keller Williams of Central PA
Mls Name: Bright MLS
Mls ID: #PACB2045360