513 N Morris StShippensburgPA17257
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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 Shippensburg at 513 N Morris St, Shippensburg, PA, 17257 priced at $299,000 pairs $2,303/mo rent with $344/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,303/mo, and annual cash flow comes to $4,130/yr on $99,119 invested. Return on cash invested is 24.08% in year one, and rental yield stands at 9.24% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 125.7% and total cumulative return in cash reaches $124,594. For financing, Ziffy Mortgage’s DSCR program evaluates $2,303/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17257, Shippensburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,794 (100%) |
| Owner Occupied HU | 7,371 (62.5%) |
| Renter Occupied HU | 3,535 (30.0%) |
| Vacant Housing Units | 888 ( 7.5%) |
| Median Home Value | $265,947 |
| Average Home Value | $316,063 |
Housing Distribution
Address Breakdown
Residential
11,031
Single Family
10,683
Multi-Family
348
Businesses
573
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Listed by: Heidi Futscher • RE/MAX Realty Agency, Inc.
Mls Name: Bright MLS
Mls ID: #PAFL2031326