42 Ridge AveHomer CityPA15748
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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 Homer City at 42 Ridge Ave, Homer City, PA, 15748 offers $1,724/mo rent that, after a $978/mo payment, leaves $415/mo cash flow. Total monthly income is $1,724/mo, and annual cash flow is $4,974/yr on $66,267 cash. Return on cash invested measures 27.42% in year one, and rental yield stands at 10.35% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 143.58% and total cumulative return in cash reaches $95,149. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,724/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1914
7,048 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15748, Homer City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,178 (100%) |
| Owner Occupied HU | 2,260 (71.1%) |
| Renter Occupied HU | 593 (18.7%) |
| Vacant Housing Units | 325 (10.2%) |
| Median Home Value | $165,957 |
| Average Home Value | $207,573 |
Housing Distribution
Address Breakdown
Residential
2,901
Single Family
2,876
Multi-Family
25
Businesses
157
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Listed by: Lindsay Adamski • REALTY ONE GROUP LANDMARK
Mls Name: WPMLS
Mls ID: #1724949