406 Spruce LnHoustonPA15342
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 Houston at 406 Spruce Ln, Houston, PA, 15342 offers $3,017/mo rent that, after a $2,100/mo payment, leaves $206/mo cash flow. Total monthly income is $3,017/mo, and annual cash flow is $2,467/yr on $142,214 cash. Return on cash invested measures 21.64% in year one, and rental yield stands at 8.44% at a $429,000 entry. Equity gained on principal adds $2,768/yr while 5% annual appreciation compounds into $118,525 by year five. Five-year ROI records 112.63% and total cumulative return in cash reaches $160,177. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,017/mo property income versus a $2,100/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
10,489 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15342, Houston, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,459 (100%) |
| Owner Occupied HU | 1,802 (73.3%) |
| Renter Occupied HU | 481 (19.6%) |
| Vacant Housing Units | 176 ( 7.2%) |
| Median Home Value | $296,364 |
| Average Home Value | $332,478 |
Housing Distribution
Address Breakdown
Residential
2,335
Single Family
2,281
Multi-Family
54
Businesses
146
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Listed by: Jason Wilcox • REALTY ONE GROUP GOLD STANDARD
Mls Name: WPMLS
Mls ID: #1732283