592 Melissa LnState CollegePA16803
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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 State College at 592 Melissa Ln, State College, PA, 16803 priced at $524,900 pairs $3,126/mo rent with after a $2,569/mo payment. Total monthly income equals $3,126/mo. Return on cash invested is 17.88% in year one, and rental yield stands at 7.15% on a $524,900 basis. Equity gained on principal adds $3,387/yr, and 5% annual appreciation accumulates to $145,020 by year five. Five-year ROI measures 92.43% and total cumulative return in cash reaches $159,613. For financing, Ziffy Mortgage’s DSCR program evaluates $3,126/mo property income against a $2,569/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16803, State College, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,938 (100%) |
| Owner Occupied HU | 4,729 (36.6%) |
| Renter Occupied HU | 7,026 (54.3%) |
| Vacant Housing Units | 1,183 ( 9.1%) |
| Median Home Value | $441,023 |
| Average Home Value | $470,696 |
Housing Distribution
Address Breakdown
Residential
10,878
Single Family
7,808
Multi-Family
3,070
Businesses
524
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Listed by: Rick Swanger • RE/MAX Centre Realty
Mls Name: Bright MLS
Mls ID: #PACE2517102