505 Ridge CtCranberry TownshipPA16066
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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 Cranberry Township at 505 Ridge Ct, Cranberry Township, PA, 16066 offers $3,797/mo rent that, after a $2,716/mo payment, leaves $134/mo cash flow. Total monthly income is $3,797/mo, and annual cash flow is $1,614/yr on $182,562 cash. Return on cash invested measures 20.94% in year one, and rental yield stands at 8.21% at a $554,900 entry. Equity gained on principal adds $3,581/yr while 5% annual appreciation compounds into $153,309 by year five. Five-year ROI records 108.91% and total cumulative return in cash reaches $198,828. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,797/mo property income versus a $2,716/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.30 Acres lot
$N/A/sqft
$79 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16066, Cranberry Twp, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,568 (100%) |
| Owner Occupied HU | 10,258 (70.4%) |
| Renter Occupied HU | 3,577 (24.6%) |
| Vacant Housing Units | 733 ( 5.0%) |
| Median Home Value | $437,265 |
| Average Home Value | $480,279 |
Housing Distribution
Address Breakdown
Residential
14,435
Single Family
12,869
Multi-Family
1,566
Businesses
1,433
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Listed by: Michele Jergel • BERKSHIRE HATHAWAY THE PREFERRED REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1693804
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.