58 W Mechanic StNew HopePA18938
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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 Hope at 58 W Mechanic St, New Hope, PA, 18938 offers $6,874/mo rent that, after a $4,870/mo payment, leaves $354/mo cash flow. Total monthly income is $6,874/mo, and annual cash flow is $4,248/yr on $327,355 cash. Return on cash invested measures 21.36% in year one, and rental yield stands at 8.29% at a $995,000 entry. Equity gained on principal adds $6,421/yr while 5% annual appreciation compounds into $274,900 by year five. Five-year ROI records 111.05% and total cumulative return in cash reaches $363,534. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,874/mo property income versus a $4,870/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1800
3,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18938, New Hope, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,917 (100%) |
| Owner Occupied HU | 5,378 (77.8%) |
| Renter Occupied HU | 1,040 (15.0%) |
| Vacant Housing Units | 499 ( 7.2%) |
| Median Home Value | $811,694 |
| Average Home Value | $924,487 |
Housing Distribution
Address Breakdown
Residential
6,171
Single Family
6,007
Multi-Family
164
Businesses
565
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Listed by: Sebastian Jenkins • Compass RE
Mls Name: Bright MLS
Mls ID: #PABU2108822