510 W Chestnut St, Lancaster, PA, 17603 | 6.22% Rental Yield

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510 W Chestnut St, Lancaster, PA, 17603 | 6.22% Rental Yield | Ziffy

Pending

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 Lancaster at 510 W Chestnut St, Lancaster, PA, 17603 offers a 6.22% rental yield on a $499,900 purchase with $2,593/mo rent. 96% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 76.79% and total cumulative return in cash at $127,260. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,593/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1900

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Location, Location, Location! Welcome to 510 W Chestnut Street, a stunning, fully renovated home in the highly desirable Chestnut Hill neighborhood of Lancaster City. This 3-story beauty blends its historic charm with modern updates and is just steps away from Lancasters best restaurants, shops, coffee shops, and more! Inside, youre greeted by an inviting entryway with elegant French doors that lead into a bright and spacious living room, highlighted by floor-to-ceiling windows and an exposed brick staircase. The main floor features new engineered hardwood flooring and a beautifully updated kitchen complete with granite countertops and stainless steel appliances. Offering 4 bedrooms and 2 full bathrooms, this home provides generous space across three levels. Upstairs, luxury vinyl plank flooring flows throughout the second and third floors, and the convenience of a dedicated laundry room on the second level adds everyday ease. Enjoy your own private, fenced-in backyard oasis featuring a large deck and low-maintenance turf. Dont miss your opportunity to own this move-in ready gem in one of Lancasters most sought-after neighborhoods!