458 E College AveState CollegePA16801
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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 State College at 458 E College Ave, State College, PA, 16801 priced at $235,000 converts $1,256/mo rent into after a $1,150/mo obligation. Total monthly income equals $1,256/mo. Return on cash invested prints 15.54% in year one, and rental yield reads 6.41% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 79.92% and total cumulative return in cash sums $62,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,256/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16801, State College, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,021 (100%) |
| Owner Occupied HU | 7,024 (35.1%) |
| Renter Occupied HU | 11,020 (55.0%) |
| Vacant Housing Units | 1,977 ( 9.9%) |
| Median Home Value | $446,307 |
| Average Home Value | $504,160 |
Housing Distribution
Address Breakdown
Residential
17,998
Single Family
11,135
Multi-Family
6,863
Businesses
1,464
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Listed by: Scott Shamrock • Kissinger, Bigatel & Brower
Mls Name: Bright MLS
Mls ID: #PACE2517192