622 Summit AveGlassportPA15045
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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 Glassport at 622 Summit Ave, Glassport, PA, 15045 uses $38,454 cash to close to unlock $1,328/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $871/mo, and a $568/mo payment keeps the spread at $111/mo. Purchase price stands at $116,000, and rental yield measures 9.01% with $871/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $32,049 over five years. Five-year ROI reaches 121.86% and total cumulative return in cash records $46,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $871/mo property income covering a $568/mo payment rather than investor’s personal income.
Single Family
Built in 1932
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15045, Glassport, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,352 (100%) |
| Owner Occupied HU | 1,197 (50.9%) |
| Renter Occupied HU | 802 (34.1%) |
| Vacant Housing Units | 353 (15.0%) |
| Median Home Value | $107,976 |
| Average Home Value | $264,816 |
Housing Distribution
Address Breakdown
Residential
1,932
Single Family
1,879
Multi-Family
53
Businesses
108
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Listed by: Lori Malseed • COSTA REAL ESTATE LLC
Mls Name: WPMLS
Mls ID: #1725302