38 N Earl StShippensburgPA17257
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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
Investment property for sale in Shippensburg at 38 N Earl St, Shippensburg, PA, 17257 offers a 9.48% rental yield on a $189,900 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $929/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,073/yr on $62,952 to close, and return on cash invested stands at 24.79% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 129.55% and total cumulative return in cash at $81,557. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
7,841 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,031
Single Family
10,683
Multi-Family
348
Businesses
573
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Listed by: Steve Coover • Jalex Real Estate Services LLC
Mls Name: Bright MLS
Mls ID: #PACB2048420