7 E Sheridan AveNew CastlePA16105
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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 New Castle at 7 E Sheridan Ave, New Castle, PA, 16105 uses $63,283 cash to close to unlock $1,896/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,442/mo, and a $934/mo payment keeps the spread at $158/mo. Purchase price stands at $190,900, and rental yield measures 9.06% with $1,442/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $52,742 over five years. Five-year ROI reaches 119.7% and total cumulative return in cash records $75,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,442/mo property income covering a $934/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16105, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 5,094 (70.6%) |
| Renter Occupied HU | 1,509 (20.9%) |
| Vacant Housing Units | 612 ( 8.5%) |
| Median Home Value | $215,466 |
| Average Home Value | $242,202 |
Housing Distribution
Address Breakdown
Residential
6,896
Single Family
6,702
Multi-Family
194
Businesses
562
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Listed by: Renee Dean • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1707169
Disclaimer: Listing 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.