36-38 Middle Spring Ave, Shippensburg, PA, 17257 | $167/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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36-38 Middle Spring Ave, Shippensburg, PA, 17257 | $167/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

Rental Income

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 Shippensburg at 36-38 Middle Spring Ave, Shippensburg, PA, 17257 generates $1,576/mo in rent and, after a $1,052/mo payment, leaves $167/mo in cash flow. Total monthly income is $1,576/mo, and annual cash flow is $2,010/yr on $71,273 invested. Return on cash invested sits at 22.73% in year one, and rental yield is 8.8% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 118.45% and total cumulative return in cash sums $84,421. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,576/mo property income rather than buyer’s personal income.

Single Family

Built in 1918

2,970 sqft lot

$N/A/sqft

No HOA

More details about the property

Investment Opportunity Fully Rented 2-Unit Colonial in Shippensburg This well-maintained colonial-style duplex, built in 1920, offers a total of 2,034 sq. ft. and consists of two 2-bedroom, 1-bath units. Each unit has separate entrances, electric and baseboard heating (a plus for tenants), and the property includes four off-street parking spacesa valuable feature in the area. Downstairs Unit: Rents for $875/month + utilities Upstairs Unit: Rents for $950/month Total Monthly Income: $1,825/month Current tenants were inherited and are reliable, with an excellent payment history. With 2-bedroom rentals in Shippensburg currently ranging from $1,120 to $1,250/month, there is strong potential to increase rents to market value beginning in January. This property is ideal for university students or young families due to its size and location. Some cosmetic updates (kitchen, flooring, paint) could further raise property value to $230,000$249,000, aligning with comparable sales in the area. Current Asking Price: $215,000 Flood Insurance: $2,500/year (required due to river proximity; township reevaluation may be possible) This is a solid, income-producing property with immediate cash flow and long-term value potential. Great financing options are available for rental properties, especially those already generating rental income.

Neighborhood Data

Neighborhood data shown for ZIP Code: 17257, Shippensburg, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,794 (100%)
Owner Occupied HU	7,371 (62.5%)
Renter Occupied HU	3,535 (30.0%)
Vacant Housing Units	888 ( 7.5%)
Median Home Value	$265,947
Average Home Value	$316,063