518 Wood StNew BethlehemPA16242
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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 Bethlehem at 518 Wood St, New Bethlehem, PA, 16242 priced at $120,000 converts $2,134/mo rent into $1,264/mo cash flow after a $587/mo obligation. Total monthly income equals $2,134/mo, and annual cash flow totals $15,168/yr on $39,780 invested. Return on cash invested prints 58.04% in year one, and rental yield reads 21.34% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 308.71% and total cumulative return in cash sums $122,803. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,134/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16242, New Bethlehem, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,321 (100%) |
| Owner Occupied HU | 1,494 (64.4%) |
| Renter Occupied HU | 534 (23.0%) |
| Vacant Housing Units | 293 (12.6%) |
| Median Home Value | $166,204 |
| Average Home Value | $230,940 |
Housing Distribution
Address Breakdown
Residential
1,992
Single Family
1,908
Multi-Family
84
Businesses
178
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Listed by: Holly L. Gardner • Pat Merwin Realty
Mls Name: Allegheny Valley BOR
Mls ID: #159106
Disclaimer: Copyright Allegheny Valley Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.