604 Myrtle LnNew CumberlandPA17070
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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 Cumberland at 604 Myrtle Ln, New Cumberland, PA, 17070 priced at $500,000 converts $3,186/mo rent into after a $2,447/mo obligation. Total monthly income equals $3,186/mo. Return on cash invested prints 19.26% in year one, and rental yield reads 7.65% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 99.81% and total cumulative return in cash sums $165,440. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,186/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17070, New Cumberland, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,684 (100%) |
| Owner Occupied HU | 5,646 (73.5%) |
| Renter Occupied HU | 1,748 (22.7%) |
| Vacant Housing Units | 290 ( 3.8%) |
| Median Home Value | $297,229 |
| Average Home Value | $351,979 |
Housing Distribution
Address Breakdown
Residential
7,347
Single Family
7,169
Multi-Family
178
Businesses
448
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Listed by: JENNIFER HOLLISTER • Joy Daniels Real Estate Group, Ltd
Mls Name: Bright MLS
Mls ID: #PAYK2092278