623 Russell AveMeadvillePA16335
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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 Meadville at 623 Russell Ave, Meadville, PA, 16335 with 5% annual appreciation on a $110,000 basis while $881/mo rent supports operations. Total monthly income totals $881/mo and a $538/mo payment preserves $161/mo for cash returns. Annual cash flow comes to $1,927/yr on $36,465 deployed, and return on cash invested reaches 25.19% in year one. Equity gained on principal adds $710/yr, and five-year appreciation sums $30,391 alongside rental yield of 9.61%. Five-year ROI measures 131.73% and total cumulative return in cash totals $48,036.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $881/mo property income versus a $538/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
8,568 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16335, Meadville, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,831 (100%) |
| Owner Occupied HU | 7,152 (55.7%) |
| Renter Occupied HU | 4,358 (34.0%) |
| Vacant Housing Units | 1,321 (10.3%) |
| Median Home Value | $169,957 |
| Average Home Value | $216,034 |
Housing Distribution
Address Breakdown
Residential
11,832
Single Family
10,811
Multi-Family
1,021
Businesses
1,273
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Listed by: John Easter Jr • Pennington Lines Real Estate
Mls Name: GEMLS
Mls ID: #187829