62 Chestnut Ridge RdMc VeytownPA17051
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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
Investment property for sale in Mc Veytown at 62 Chestnut Ridge Rd, Mc Veytown, PA, 17051 listed at $189,900 pairs $1,306/mo rent with a $929/mo payment to leave $62/mo cash flow. Total monthly income runs $1,306/mo, and annual cash flow reaches $745/yr on $62,952 cash to close. Return on cash invested measures 21.09% in year one, and rental yield registers 8.25% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 109.75% and total cumulative return in cash totals $69,089. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,306/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17051, Mc Veytown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,296 (100%) |
| Owner Occupied HU | 1,630 (71.0%) |
| Renter Occupied HU | 301 (13.1%) |
| Vacant Housing Units | 365 (15.9%) |
| Median Home Value | $177,740 |
| Average Home Value | $216,752 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,677
Multi-Family
28
Businesses
68
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Listed by: Christian Spriggs • Dream Home Realty
Mls Name: Bright MLS
Mls ID: #PAMF2052332