503 S Walnut StNew CastlePA16101
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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 New Castle at 503 S Walnut St, New Castle, PA, 16101 priced at $119,000 converts $959/mo rent into $180/mo cash flow after a $582/mo obligation. Total monthly income equals $959/mo, and annual cash flow totals $2,156/yr on $39,449 invested. Return on cash invested prints 25.37% in year one, and rental yield reads 9.67% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 132.64% and total cumulative return in cash sums $52,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $959/mo property income covering a $582/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
2,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16101, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,658 (100%) |
| Owner Occupied HU | 9,106 (62.1%) |
| Renter Occupied HU | 3,972 (27.1%) |
| Vacant Housing Units | 1,580 (10.8%) |
| Median Home Value | $143,785 |
| Average Home Value | $183,240 |
Housing Distribution
Address Breakdown
Residential
14,087
Single Family
12,897
Multi-Family
1,190
Businesses
1,064
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Listed by: Francesca Ferrara • CASTLE REALTY
Mls Name: WPMLS
Mls ID: #1720174