413 Bissell AveOil CityPA16301
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 Oil City at 413 Bissell Ave, Oil City, PA, 16301 priced at $225,000 pairs $1,638/mo rent with $164/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,638/mo, and annual cash flow comes to $1,966/yr on $74,588 invested. Return on cash invested is 22.55% in year one, and rental yield stands at 8.74% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 117.46% and total cumulative return in cash reaches $87,609. For financing, Ziffy Mortgage’s DSCR program evaluates $1,638/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16301, Oil City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,861 (100%) |
| Owner Occupied HU | 4,366 (55.5%) |
| Renter Occupied HU | 2,013 (25.6%) |
| Vacant Housing Units | 1,482 (18.9%) |
| Median Home Value | $101,651 |
| Average Home Value | $144,602 |
Housing Distribution
Address Breakdown
Residential
6,788
Single Family
6,388
Multi-Family
400
Businesses
401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bobbi Lazar • 1st Rate Realty, LLC
Mls Name: Allegheny Valley BOR
Mls ID: #161455
Disclaimer: Copyright Allegheny Valley Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.