412 Locust StLancasterPA17602
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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 Lancaster at 412 Locust St, Lancaster, PA, 17602 offers $1,331/mo rent that, after a $857/mo payment, leaves $184/mo cash flow. Total monthly income is $1,331/mo, and annual cash flow is $2,205/yr on $58,013 cash. Return on cash invested measures 23.71% in year one, and rental yield stands at 9.13% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 123.73% and total cumulative return in cash reaches $71,779. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,331/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17602, Lancaster, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,730 (100%) |
| Owner Occupied HU | 10,881 (50.1%) |
| Renter Occupied HU | 9,451 (43.5%) |
| Vacant Housing Units | 1,398 ( 6.4%) |
| Median Home Value | $317,822 |
| Average Home Value | $353,635 |
Housing Distribution
Address Breakdown
Residential
19,755
Single Family
17,487
Multi-Family
2,268
Businesses
1,375
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Listed by: Brad Zimmerman • RE/MAX Pinnacle
Mls Name: Bright MLS
Mls ID: #PALA2081814