604 Walnut StRenoPA16343
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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 Reno at 604 Walnut St, Reno, PA, 16343 priced at $189,900 pairs $1,192/mo rent with after a $929/mo payment. Total monthly income equals $1,192/mo. Return on cash invested is 18.92% in year one, and rental yield stands at 7.53% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 98.1% and total cumulative return in cash reaches $61,757. For financing, Ziffy Mortgage’s DSCR program evaluates $1,192/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16343, Reno, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 138 (100%) |
| Owner Occupied HU | 92 (66.7%) |
| Renter Occupied HU | 25 (18.1%) |
| Vacant Housing Units | 21 (15.2%) |
| Median Home Value | $169,643 |
| Average Home Value | $187,826 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
33
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Listed by: Chad Wilkinson • ERA JOHNSON REAL ESTATE INC.
Mls Name: WPMLS
Mls ID: #1723591