3640 Ridgewood DrHermitagePA16148
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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 Hermitage at 3640 Ridgewood Dr, Hermitage, PA, 16148 priced at $295,000 converts $1,999/mo rent into $66/mo cash flow after a $1,444/mo obligation. Total monthly income equals $1,999/mo, and annual cash flow totals $789/yr on $97,793 invested. Return on cash invested prints 20.72% in year one, and rental yield reads 8.13% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 107.64% and total cumulative return in cash sums $105,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,999/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16148, Hermitage, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,870 (100%) |
| Owner Occupied HU | 5,203 (66.1%) |
| Renter Occupied HU | 2,032 (25.8%) |
| Vacant Housing Units | 635 ( 8.1%) |
| Median Home Value | $211,289 |
| Average Home Value | $263,165 |
Housing Distribution
Address Breakdown
Residential
7,856
Single Family
6,972
Multi-Family
884
Businesses
1,014
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Listed by: Jennifer Kraynak • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1698999
Disclaimer: Listing information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.