645 W Water StBellefontePA16823
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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 Bellefonte at 645 W Water St, Bellefonte, PA, 16823 uses $87,284 cash to close to unlock $532/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $1,770/mo, and a $1,289/mo payment keeps the spread at $44/mo. Purchase price stands at $263,300, and rental yield measures 8.07% with $1,770/mo rent. Return on cash invested shows 20.52% in year one, and 5% annual appreciation builds toward $72,745 over five years. Five-year ROI reaches 106.61% and total cumulative return in cash records $93,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,770/mo property income covering a $1,289/mo payment rather than investor’s personal income.
Single Family
Built in 1870
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16823, Bellefonte, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,426 (100%) |
| Owner Occupied HU | 7,790 (68.2%) |
| Renter Occupied HU | 2,963 (25.9%) |
| Vacant Housing Units | 673 ( 5.9%) |
| Median Home Value | $319,300 |
| Average Home Value | $356,785 |
Housing Distribution
Address Breakdown
Residential
10,996
Single Family
10,318
Multi-Family
678
Businesses
740
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Listed by: Ella Williams • Kissinger, Bigatel & Brower
Mls Name: Bright MLS
Mls ID: #PACE2516122