511 W Washington StCorryPA16407
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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 Corry at 511 W Washington St, Corry, PA, 16407 priced at $155,555 converts $1,644/mo rent into $625/mo cash flow after a $761/mo obligation. Total monthly income equals $1,644/mo, and annual cash flow totals $7,500/yr on $51,566 invested. Return on cash invested prints 34.45% in year one, and rental yield reads 12.68% against a $155,555 entry. Equity gained on principal adds $1,004/yr, while 5% annual appreciation compiles into $42,977 by year five. Five-year ROI reaches 181.44% and total cumulative return in cash sums $93,562. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,644/mo property income covering a $761/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16407, Corry, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,659 (100%) |
| Owner Occupied HU | 2,963 (63.6%) |
| Renter Occupied HU | 1,245 (26.7%) |
| Vacant Housing Units | 451 ( 9.7%) |
| Median Home Value | $161,341 |
| Average Home Value | $197,347 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,256
Multi-Family
140
Businesses
378
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Listed by: Melissa Martin • Howard Hanna Erie East
Mls Name: GEMLS
Mls ID: #188016