416 Penn StNew BethlehemPA16242
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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 New Bethlehem at 416 Penn St, New Bethlehem, PA, 16242 offers a 6.82% rental yield on a $279,900 purchase with $1,591/mo rent. 76% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 86.46% and total cumulative return in cash at $80,221. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,591/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16242, New Bethlehem, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,321 (100%) |
| Owner Occupied HU | 1,494 (64.4%) |
| Renter Occupied HU | 534 (23.0%) |
| Vacant Housing Units | 293 (12.6%) |
| Median Home Value | $166,204 |
| Average Home Value | $230,940 |
Housing Distribution
Address Breakdown
Residential
1,992
Single Family
1,908
Multi-Family
84
Businesses
178
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Listed by: Holly L. Gardner • Pat Merwin Realty
Mls Name: Allegheny Valley BOR
Mls ID: #161783