561 Millcross RdLancasterPA17601
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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 Lancaster at 561 Millcross Rd, Lancaster, PA, 17601 priced at $599,999 converts $3,562/mo rent into after a $2,937/mo obligation. Total monthly income equals $3,562/mo. Return on cash invested prints 17.81% in year one, and rental yield reads 7.12% against a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 92.03% and total cumulative return in cash sums $181,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,562/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17601, Lancaster, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,517 (100%) |
| Owner Occupied HU | 15,713 (66.8%) |
| Renter Occupied HU | 6,758 (28.7%) |
| Vacant Housing Units | 1,046 ( 4.4%) |
| Median Home Value | $378,118 |
| Average Home Value | $429,004 |
Housing Distribution
Address Breakdown
Residential
22,002
Single Family
21,128
Multi-Family
874
Businesses
2,148
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Listed by: Angela Chesko • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PALA2076618