40 Reed CtJohnstownPA15902
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Johnstown at 40 Reed Ct, Johnstown, PA, 15902 priced at $195,600 pairs $1,526/mo rent with $245/mo cash flow after a $957/mo payment. Total monthly income equals $1,526/mo, and annual cash flow comes to $2,936/yr on $64,841 invested. Return on cash invested is 24.44% in year one, and rental yield stands at 9.36% on a $195,600 basis. Equity gained on principal adds $1,262/yr, and 5% annual appreciation accumulates to $54,041 by year five. Five-year ROI measures 127.61% and total cumulative return in cash reaches $82,746. For financing, Ziffy Mortgage’s DSCR program evaluates $1,526/mo property income against a $957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15902, Johnstown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,299 (100%) |
| Owner Occupied HU | 3,021 (48.0%) |
| Renter Occupied HU | 1,889 (30.0%) |
| Vacant Housing Units | 1,389 (22.1%) |
| Median Home Value | $71,028 |
| Average Home Value | $114,461 |
Housing Distribution
Address Breakdown
Residential
4,971
Single Family
4,604
Multi-Family
367
Businesses
225
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Listed by: Don Colvin & Erin Colvin • RE/MAX POWER Associates
Mls Name: CSMLS
Mls Provider:
Mls ID: #96036429
Disclaimer: Copyright Cambria Somerset Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.