355 E Chestnut StLancasterPA17602
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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 Lancaster at 355 E Chestnut St, Lancaster, PA, 17602 generates $2,632/mo in rent and, after a $1,468/mo payment, leaves $667/mo in cash flow. Total monthly income is $2,632/mo, and annual cash flow is $8,000/yr on $99,417 invested. Return on cash invested sits at 27.96% in year one, and rental yield is 10.53% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 146.47% and total cumulative return in cash sums $145,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,632/mo property income rather than buyer’s personal income.
Townhouse
Built in 1880
1,742 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,755
Single Family
17,487
Multi-Family
2,268
Businesses
1,375
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Listed by: Matt Moore • Keller Williams Elite
Mls Name: Bright MLS
Mls ID: #PALA2068784