585 Cherry StLebanonPA17046
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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 Lebanon at 585 Cherry St, Lebanon, PA, 17046 priced at $324,900 pairs $2,056/mo rent with after a $1,590/mo payment. Total monthly income equals $2,056/mo. Return on cash invested is 19.1% in year one, and rental yield stands at 7.59% on a $324,900 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,764 by year five. Five-year ROI measures 99% and total cumulative return in cash reaches $106,625. For financing, Ziffy Mortgage’s DSCR program evaluates $2,056/mo property income against a $1,590/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17046, Lebanon, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,628 (100%) |
| Owner Occupied HU | 7,867 (57.7%) |
| Renter Occupied HU | 4,997 (36.7%) |
| Vacant Housing Units | 764 ( 5.6%) |
| Median Home Value | $217,012 |
| Average Home Value | $252,662 |
Housing Distribution
Address Breakdown
Residential
12,649
Single Family
11,682
Multi-Family
967
Businesses
476
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Listed by: Doug Kline • Keller Williams Elite
Mls Name: Bright MLS
Mls ID: #PALN2022114