408 Mayer PlLancasterPA17601
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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 Lancaster at 408 Mayer Pl, Lancaster, PA, 17601 with 5% annual appreciation on a $385,000 basis while $3,083/mo rent supports operations. Total monthly income totals $3,083/mo and a $1,884/mo payment preserves $561/mo for cash returns. Annual cash flow comes to $6,726/yr on $127,628 deployed, and return on cash invested reaches 25.18% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,368 alongside rental yield of 9.61%. Five-year ROI measures 131.59% and total cumulative return in cash totals $167,950.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,083/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17601, Lancaster, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,517 (100%) |
| Owner Occupied HU | 15,713 (66.8%) |
| Renter Occupied HU | 6,758 (28.7%) |
| Vacant Housing Units | 1,046 ( 4.4%) |
| Median Home Value | $378,118 |
| Average Home Value | $429,004 |
Housing Distribution
Address Breakdown
Residential
22,002
Single Family
21,128
Multi-Family
874
Businesses
2,148
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Listed by: Toni Thomas • Mountain Realty ERA Powered
Mls Name: Bright MLS
Mls ID: #PALA2082532