60 Park AveAlbionPA16401
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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 Albion at 60 Park Ave, Albion, PA, 16401 priced at $199,900 pairs $1,802/mo rent with $493/mo cash flow after a $978/mo payment. Total monthly income equals $1,802/mo, and annual cash flow comes to $5,910/yr on $66,267 invested. Return on cash invested is 28.83% in year one, and rental yield stands at 10.82% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 151.17% and total cumulative return in cash reaches $100,177. For financing, Ziffy Mortgage’s DSCR program evaluates $1,802/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16401, Albion, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,867 (100%) |
| Owner Occupied HU | 1,336 (71.6%) |
| Renter Occupied HU | 360 (19.3%) |
| Vacant Housing Units | 171 ( 9.2%) |
| Median Home Value | $215,642 |
| Average Home Value | $250,071 |
Housing Distribution
Address Breakdown
Residential
1,775
Single Family
1,710
Multi-Family
65
Businesses
100
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Listed by: Stacey Santos • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #187673