631 S Center StCorryPA16407
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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 Corry at 631 S Center St, Corry, PA, 16407 uses $38,123 cash to close to unlock $12,651/yr annual cash flow and $1,054/mo monthly cash flow. Total monthly income runs $1,808/mo, and a $563/mo payment keeps the spread at $1,054/mo. Purchase price stands at $115,000, and rental yield measures 18.87% with $1,808/mo rent. Return on cash invested shows 53.1% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 281.4% and total cumulative return in cash records $107,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,808/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16407, Corry, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,659 (100%) |
| Owner Occupied HU | 2,963 (63.6%) |
| Renter Occupied HU | 1,245 (26.7%) |
| Vacant Housing Units | 451 ( 9.7%) |
| Median Home Value | $161,341 |
| Average Home Value | $197,347 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,256
Multi-Family
140
Businesses
378
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Listed by: Melissa Martin • Howard Hanna Erie East
Mls Name: GEMLS
Mls ID: #178537
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.