344 Smithfield StNew 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
Rental property for sale in New Castle at 344 Smithfield St, New Castle, PA, 16101 offers $1,157/mo rent that, after a $734/mo payment, leaves $174/mo cash flow. Total monthly income is $1,157/mo, and annual cash flow is $2,091/yr on $49,725 cash. Return on cash invested measures 24.11% in year one, and rental yield stands at 9.26% at a $149,999 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 125.94% and total cumulative return in cash reaches $62,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,157/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
7,492 sqft 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: Julian Leekins • REALTY ONE GROUP ULTIMATE
Mls Name: WPMLS
Mls ID: #1732683