622 Mitchell AveOil CityPA16301
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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 Oil City at 622 Mitchell Ave, Oil City, PA, 16301 uses $69,615 cash to close to unlock $1,176/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,483/mo, and a $1,028/mo payment keeps the spread at $98/mo. Purchase price stands at $210,000, and rental yield measures 8.47% with $1,483/mo rent. Return on cash invested shows 21.6% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 112.43% and total cumulative return in cash records $78,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,483/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1958
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16301, Oil City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,861 (100%) |
| Owner Occupied HU | 4,366 (55.5%) |
| Renter Occupied HU | 2,013 (25.6%) |
| Vacant Housing Units | 1,482 (18.9%) |
| Median Home Value | $101,651 |
| Average Home Value | $144,602 |
Housing Distribution
Address Breakdown
Residential
6,788
Single Family
6,388
Multi-Family
400
Businesses
401
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