623 E Chestnut StLancasterPA17602
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 Lancaster at 623 E Chestnut St, Lancaster, PA, 17602 priced at $383,000 converts $2,686/mo rent into $176/mo cash flow after a $1,875/mo obligation. Total monthly income equals $2,686/mo, and annual cash flow totals $2,110/yr on $126,965 invested. Return on cash invested prints 21.57% in year one, and rental yield reads 8.42% against a $383,000 entry. Equity gained on principal adds $2,471/yr, while 5% annual appreciation compiles into $105,816 by year five. Five-year ROI reaches 112.22% and total cumulative return in cash sums $142,482. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,686/mo property income covering a $1,875/mo payment, not borrower’s personal income.
Single Family
Built in 1891
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17602, Lancaster, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,730 (100%) |
| Owner Occupied HU | 10,881 (50.1%) |
| Renter Occupied HU | 9,451 (43.5%) |
| Vacant Housing Units | 1,398 ( 6.4%) |
| Median Home Value | $317,822 |
| Average Home Value | $353,635 |
Housing Distribution
Address Breakdown
Residential
19,755
Single Family
17,487
Multi-Family
2,268
Businesses
1,375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Whitt • Keller Williams Elite
Mls Name: Bright MLS
Mls ID: #PALA2080198