518 E Coover StMechanicsburgPA17055
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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 Mechanicsburg at 518 E Coover St, Mechanicsburg, PA, 17055 priced at $289,900 converts $1,985/mo rent into $85/mo cash flow after a $1,419/mo obligation. Total monthly income equals $1,985/mo, and annual cash flow totals $1,023/yr on $96,102 invested. Return on cash invested prints 20.97% in year one, and rental yield reads 8.22% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 109.06% and total cumulative return in cash sums $104,805. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,985/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1954
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17055, Mechanicsburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,091 (100%) |
| Owner Occupied HU | 12,521 (65.6%) |
| Renter Occupied HU | 5,868 (30.7%) |
| Vacant Housing Units | 702 ( 3.7%) |
| Median Home Value | $334,021 |
| Average Home Value | $374,100 |
Housing Distribution
Address Breakdown
Residential
19,021
Single Family
17,924
Multi-Family
1,097
Businesses
1,327
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Listed by: STEVEN VOORHEES • RE/MAX 1st Advantage
Mls Name: Bright MLS
Mls ID: #PACB2049762