524 N 16th StHarrisburgPA17103
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 Harrisburg at 524 N 16th St, Harrisburg, PA, 17103 generates $1,442/mo in rent and, after a $685/mo payment, leaves $525/mo in cash flow. Total monthly income is $1,442/mo, and annual cash flow is $6,300/yr on $46,377 invested. Return on cash invested sits at 33.49% in year one, and rental yield is 12.37% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 176.16% and total cumulative return in cash sums $81,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,442/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17103, Harrisburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,577 (100%) |
| Owner Occupied HU | 1,825 (32.7%) |
| Renter Occupied HU | 2,885 (51.7%) |
| Vacant Housing Units | 867 (15.5%) |
| Median Home Value | $119,375 |
| Average Home Value | $190,153 |
Housing Distribution
Address Breakdown
Residential
4,903
Single Family
4,506
Multi-Family
397
Businesses
305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adrian Young • Keller Williams Keystone Realty
Mls Name: Bright MLS
Mls ID: #PADA2048564