612 Elmwood AveGrove CityPA16127
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 Grove City at 612 Elmwood Ave, Grove City, PA, 16127 generates $1,846/mo in rent and, after a $1,089/mo payment, leaves $388/mo in cash flow. Total monthly income is $1,846/mo, and annual cash flow is $4,656/yr on $73,759 invested. Return on cash invested sits at 26.22% in year one, and rental yield is 9.96% on a $222,500 entry. Equity gained on principal adds $1,436/yr, while 5% annual appreciation builds toward $61,473 over five years. Five-year ROI reaches 137.24% and total cumulative return in cash sums $101,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,846/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16127, Grove City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,941 (100%) |
| Owner Occupied HU | 4,054 (68.2%) |
| Renter Occupied HU | 1,361 (22.9%) |
| Vacant Housing Units | 526 ( 8.9%) |
| Median Home Value | $250,518 |
| Average Home Value | $292,512 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,343
Multi-Family
142
Businesses
574
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terence Van Doorne • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1711515
Disclaimer: Listing 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.