703-705 Chestnut 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 703-705 Chestnut St, Meadville, PA, 16335 uses $44,719 cash to close to unlock $5,235/yr annual cash flow and $436/mo monthly cash flow. Total monthly income runs $1,320/mo, and a $660/mo payment keeps the spread at $436/mo. Purchase price stands at $134,900, and rental yield measures 11.74% with $1,320/mo rent. Return on cash invested shows 31.62% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 166.19% and total cumulative return in cash records $74,321. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,320/mo property income covering a $660/mo payment rather than investor’s personal income.
Multi Family
Built in 1945
5,941 sqft 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: Toni Wisinski • Howard Hanna BK Meadville
Mls Name: GEMLS
Mls ID: #187166