693-695 N Main StMeadvillePA16335
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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 693-695 N Main St, Meadville, PA, 16335 uses $33,150 cash to close to unlock $3,746/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,042/mo, and a $489/mo payment keeps the spread at $312/mo. Purchase price stands at $100,000, and rental yield measures 12.5% with $1,042/mo rent. Return on cash invested shows 31.21% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 165.01% and total cumulative return in cash records $54,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,042/mo property income covering a $489/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
0.33 Acres 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: Carmen Kantz • eXp Realty - Meadville
Mls Name: GEMLS
Mls ID: #185586
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.