518 E Winter AveNew CastlePA16105
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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 New Castle at 518 E Winter Ave, New Castle, PA, 16105 generates $1,603/mo in rent and, after a $538/mo payment, leaves $883/mo in cash flow. Total monthly income is $1,603/mo, and annual cash flow is $10,593/yr on $36,432 invested. Return on cash invested sits at 48.99% in year one, and rental yield is 17.5% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 259.24% and total cumulative return in cash sums $94,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,603/mo property income rather than buyer’s personal income.
Single Family
Built in 1913
6,359 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16105, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 5,094 (70.6%) |
| Renter Occupied HU | 1,509 (20.9%) |
| Vacant Housing Units | 612 ( 8.5%) |
| Median Home Value | $215,466 |
| Average Home Value | $242,202 |
Housing Distribution
Address Breakdown
Residential
6,896
Single Family
6,702
Multi-Family
194
Businesses
562
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Listed by: Caren Foy • KELLER WILLIAMS REALTY
Mls Name: WPMLS
Mls ID: #1724187