516 Chestnut Ridge RdWashingtonPA15301
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
Investment Highlights
Rental property for sale in Washington at 516 Chestnut Ridge Rd, Washington, PA, 15301 priced at $760,000 converts $2,256/mo rent into after a $3,720/mo obligation. Total monthly income equals $2,256/mo. Return on cash invested prints 6.99% in year one, and rental yield reads 3.56% against a $760,000 entry. Equity gained on principal adds $4,904/yr, while 5% annual appreciation compiles into $209,974 by year five. Five-year ROI reaches 33.99% and total cumulative return in cash sums $84,985. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,256/mo property income covering a $3,720/mo payment, not borrower’s personal income.
Single Family
Built in 1994
23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15301, Washington, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,365 (100%) |
| Owner Occupied HU | 14,503 (62.1%) |
| Renter Occupied HU | 6,566 (28.1%) |
| Vacant Housing Units | 2,296 ( 9.8%) |
| Median Home Value | $262,839 |
| Average Home Value | $315,220 |
Housing Distribution
Address Breakdown
Residential
22,187
Single Family
20,057
Multi-Family
2,130
Businesses
1,996
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Megan Diamond • Keller Williams Realty
Mls Name: WPMLS
Mls ID: #1706121