384 Old Ivy DrBellefontePA16823
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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 Bellefonte at 384 Old Ivy Dr, Bellefonte, PA, 16823 offers $1,696/mo rent that, after a $2,667/mo payment. Total monthly income is $1,696/mo. Return on cash invested measures 7.51% in year one, and rental yield stands at 3.73% at a $544,900 entry. Equity gained on principal adds $3,516/yr while 5% annual appreciation compounds into $150,546 by year five. Five-year ROI records 36.82% and total cumulative return in cash reaches $66,005. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,696/mo property income versus a $2,667/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16823, Bellefonte, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,426 (100%) |
| Owner Occupied HU | 7,790 (68.2%) |
| Renter Occupied HU | 2,963 (25.9%) |
| Vacant Housing Units | 673 ( 5.9%) |
| Median Home Value | $319,300 |
| Average Home Value | $356,785 |
Housing Distribution
Address Breakdown
Residential
10,996
Single Family
10,318
Multi-Family
678
Businesses
740
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Listed by: Tony Miller • Keller Williams of Central PA
Mls Name: Bright MLS
Mls ID: #PACE2517126