505 Stracks Dam Rd, Myerstown, PA, 17067 | 7.42% Rental Yield

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505 Stracks Dam Rd, Myerstown, PA, 17067 | 7.42% Rental Yield | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Myerstown at 505 Stracks Dam Rd, Myerstown, PA, 17067 listed at $450,000 pairs $2,781/mo rent with a $2,203/mo payment. Total monthly income runs $2,781/mo. Return on cash invested measures 18.56% in year one, and rental yield registers 7.42% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 96.05% and total cumulative return in cash totals $143,286. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,781/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1974

3.64 Acres lot

$N/A/sqft

No HOA

More details about the property

AUCTION PROPERTY. Auction date is Wednesday, November 12th @ 4PM. List price is opening bid price only and is not indicative of the final sale price. TERMS: 10% down day of auction, balance 90 days or before. Buyer pays both transfer taxes (2% of sale price). REAL ESTATE: All brick one owner custom rancher w/4435 SF finished area, eat-in kitchen w/appliances, formal dining room, sunken living room w/stone fireplace, large 37x14 1/2 rec room, 2nd family room w/brick fireplace & wet bar, 4 bedrooms. (Master bedroom w/11x9 bath). 2 1/2 baths, full finished basement w/plaster walls & custom trim work, separate 31x30 shop w/outside entrance, oil HW baseboard heat, 1st floor laundry, utility room, canning room & attached 2 car garage. OUTBUILDINGS: 25x20 utility building w/electric, water & 25x16 garden/mower building w/electric all on 3.6 ACRES level country lot w/mature trees, lawn & garden. Zoned Low Density Residential. NOTE: After 50+ years, estate serious to sell. One owner solid/custom brick brick Rancher w/new roof 2024. A must see country property w/farmland boundary. Minutes to Lebanon, Mt. Aetna, Rt. 422, Rt. 501 & Rt. 645. OPEN HOUSE DATES: October 25, November 1 & 8 from 1 to 4PM.