513 E Mill StPort AlleganyPA16743
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Port Allegany rental at 513 E Mill St, Port Allegany, PA, 16743 sits in the solid-income band: 11.05% gross yield, $1,336/mo rent, $385/mo net after the $652/mo debt service, DSCR 2.05. Entry price of $145,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $40,061 and $1,335/yr in principal reduction bring total cumulative return to $80,062.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.2% |
| Monthly Cash Flow | $385 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,336 |
| Total Monthly Debt Service | $892 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16743, Port Allegany, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,259 (62.7%) |
| Renter Occupied HU | 425 (21.2%) |
| Vacant Housing Units | 323 (16.1%) |
| Median Home Value | $117,003 |
| Average Home Value | $157,963 |
Housing Distribution
Address Breakdown
Residential
1,714
Single Family
1,683
Multi-Family
31
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1951
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16743, Port Allegany, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,259 (62.7%) |
| Renter Occupied HU | 425 (21.2%) |
| Vacant Housing Units | 323 (16.1%) |
| Median Home Value | $117,003 |
| Average Home Value | $157,963 |
Housing Distribution
Address Breakdown
Residential
1,714
Single Family
1,683
Multi-Family
31
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Rathbun • Howard Hanna Professionals - Smethport
Mls Name: Northern Mountains of Pennsylvania MLS
Mls Provider:
Mls ID: #31722454
Disclaimer: Copyright North Central Penn Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.