537 Chestnut StMeadvillePA16335
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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 Meadville at 537 Chestnut St, Meadville, PA, 16335 priced at $349,900 converts $1,435/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,435/mo. Return on cash invested prints 11.03% in year one, and rental yield reads 4.92% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 55.71% and total cumulative return in cash sums $64,614. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,435/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1851
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16335, Meadville, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,831 (100%) |
| Owner Occupied HU | 7,152 (55.7%) |
| Renter Occupied HU | 4,358 (34.0%) |
| Vacant Housing Units | 1,321 (10.3%) |
| Median Home Value | $169,957 |
| Average Home Value | $216,034 |
Housing Distribution
Address Breakdown
Residential
11,832
Single Family
10,811
Multi-Family
1,021
Businesses
1,273
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Listed by: Meggan Bradshaw • eXp Realty - Meadville
Mls Name: GEMLS
Mls ID: #187450