617 N 2nd StHarrisburgPA17101
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 617 N 2nd St, Harrisburg, PA, 17101 in Harrisburg speaks for itself: 10.39% gross on a $239,900 price, generating $2,077/mo in rent and $505/mo in net income after the $1,079/mo debt service. DSCR 1.92, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,062 stacks alongside $66,280 in projected five-year appreciation and $2,210/yr in principal reduction. Projected total cumulative return: $123,873.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.2% |
| Monthly Cash Flow | $505 | $450 |
City averages based on Harrisburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,077 |
| Total Monthly Debt Service | $1,477 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17101, Harrisburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,210 (100%) |
| Owner Occupied HU | 115 ( 5.2%) |
| Renter Occupied HU | 1,689 (76.4%) |
| Vacant Housing Units | 406 (18.4%) |
| Median Home Value | $203,409 |
| Average Home Value | $278,130 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
307
Multi-Family
1,743
Businesses
690
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
Multi Family
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17101, Harrisburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,210 (100%) |
| Owner Occupied HU | 115 ( 5.2%) |
| Renter Occupied HU | 1,689 (76.4%) |
| Vacant Housing Units | 406 (18.4%) |
| Median Home Value | $203,409 |
| Average Home Value | $278,130 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
307
Multi-Family
1,743
Businesses
690
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendell Hoover • Iron Valley Real Estate of Central PA
Mls Name: Bright MLS
Mls ID: #PADA2047266