6699 Old Ridge RdFairviewPA16415
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
Investment property for sale in Fairview at 6699 Old Ridge Rd, Fairview, PA, 16415 offers a 5.12% rental yield on a $624,900 purchase with $2,668/mo rent. 73% in year one. Equity gained on principal adds $4,032/yr while 5% annual appreciation supports $172,648 over five years. Portfolio math shows five-year ROI at 59.43% and total cumulative return in cash at $122,177. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,668/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16415, Fairview, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,734 (100%) |
| Owner Occupied HU | 3,105 (83.2%) |
| Renter Occupied HU | 400 (10.7%) |
| Vacant Housing Units | 229 ( 6.1%) |
| Median Home Value | $343,705 |
| Average Home Value | $385,103 |
Housing Distribution
Address Breakdown
Residential
3,701
Single Family
3,606
Multi-Family
95
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Eastman • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #189000