412 Cannon WayLebanonPA17042
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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 Lebanon at 412 Cannon Way, Lebanon, PA, 17042 generates $3,098/mo in rent, after a $3,254/mo payment. Total monthly income is $3,098/mo. Return on cash invested sits at 13.16% in year one, and rental yield is 5.59% on a $664,900 entry. Equity gained on principal adds $4,290/yr, while 5% annual appreciation builds toward $183,700 over five years. Five-year ROI reaches 67.08% and total cumulative return in cash sums $146,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,098/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17042, Lebanon, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,767 (100%) |
| Owner Occupied HU | 11,322 (63.7%) |
| Renter Occupied HU | 5,319 (29.9%) |
| Vacant Housing Units | 1,126 ( 6.3%) |
| Median Home Value | $292,054 |
| Average Home Value | $325,962 |
Housing Distribution
Address Breakdown
Residential
16,511
Single Family
15,444
Multi-Family
1,067
Businesses
1,251
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Listed by: Denise Bollard • RE/MAX Cornerstone
Mls Name: Bright MLS
Mls ID: #PALN2023584