603 Mead AveCorryPA16407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Corry at 603 Mead Ave, Corry, PA, 16407 priced at $129,000 pairs $1,425/mo rent with $580/mo cash flow after a $631/mo payment. Total monthly income equals $1,425/mo, and annual cash flow comes to $6,961/yr on $42,764 invested. Return on cash invested is 36.19% in year one, and rental yield stands at 13.26% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 190.71% and total cumulative return in cash reaches $81,553. For financing, Ziffy Mortgage’s DSCR program evaluates $1,425/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16407, Corry, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,659 (100%) |
| Owner Occupied HU | 2,963 (63.6%) |
| Renter Occupied HU | 1,245 (26.7%) |
| Vacant Housing Units | 451 ( 9.7%) |
| Median Home Value | $161,341 |
| Average Home Value | $197,347 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,256
Multi-Family
140
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Puckly • RE/MAX Real Estate Group East
Mls Name: GEMLS
Mls ID: #184257
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.