502 Washington AveNew GalileePA16141
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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 Galilee at 502 Washington Ave, New Galilee, PA, 16141 uses $46,377 cash to close to unlock $2,148/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $1,096/mo, and a $685/mo payment keeps the spread at $179/mo. Purchase price stands at $139,900, and rental yield measures 9.4% with $1,096/mo rent. Return on cash invested shows 24.54% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 128.14% and total cumulative return in cash records $59,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,096/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1910
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16141, New Galilee, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 755 (100%) |
| Owner Occupied HU | 590 (78.1%) |
| Renter Occupied HU | 83 (11.0%) |
| Vacant Housing Units | 82 (10.9%) |
| Median Home Value | $205,797 |
| Average Home Value | $224,398 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
639
Multi-Family
0
Businesses
19
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Listed by: DJ Fairley • EXP REALTY LLC
Mls Name: WPMLS
Mls ID: #1736974