636 Clermont AveLancasterPA17602
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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 636 Clermont Ave, Lancaster, PA, 17602 priced at $292,000 converts $2,068/mo rent into $155/mo cash flow after a $1,429/mo obligation. Total monthly income equals $2,068/mo, and annual cash flow totals $1,857/yr on $96,798 invested. Return on cash invested prints 21.83% in year one, and rental yield reads 8.5% against a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation compiles into $80,674 by year five. Five-year ROI reaches 113.6% and total cumulative return in cash sums $109,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,068/mo property income covering a $1,429/mo payment, not borrower’s personal income.
Single Family
Built in 1979
2,614 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
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Listed by: Shante Morant • Mountain Realty ERA Powered
Mls Name: Bright MLS
Mls ID: #PALA2076728