424 E Cherry LnBellefontePA16823
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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 Bellefonte at 424 E Cherry Ln, Bellefonte, PA, 16823 uses $36,465 cash to close to unlock $15,031/yr annual cash flow and $1,253/mo monthly cash flow. Total monthly income runs $1,973/mo, and a $538/mo payment keeps the spread at $1,253/mo. Purchase price stands at $110,000, and rental yield measures 21.52% with $1,973/mo rent. Return on cash invested shows 61.13% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 324.44% and total cumulative return in cash records $118,308. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,973/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1979
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16823, Bellefonte, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,426 (100%) |
| Owner Occupied HU | 7,790 (68.2%) |
| Renter Occupied HU | 2,963 (25.9%) |
| Vacant Housing Units | 673 ( 5.9%) |
| Median Home Value | $319,300 |
| Average Home Value | $356,785 |
Housing Distribution
Address Breakdown
Residential
10,996
Single Family
10,318
Multi-Family
678
Businesses
740
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Listed by: Don Goldberg • Kissinger, Bigatel & Brower
Mls Name: Bright MLS
Mls ID: #PACE2516438