708 W Cherry StPalmyraPA17078
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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
Rental property for sale in Palmyra at 708 W Cherry St, Palmyra, PA, 17078 priced at $224,900 pairs $2,160/mo rent with $686/mo cash flow after a $1,101/mo payment. Total monthly income equals $2,160/mo, and annual cash flow comes to $8,232/yr on $74,554 invested. Return on cash invested is 30.95% in year one, and rental yield stands at 11.53% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 162.62% and total cumulative return in cash reaches $121,237. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17078, Palmyra, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,220 (100%) |
| Owner Occupied HU | 7,158 (70.0%) |
| Renter Occupied HU | 2,688 (26.3%) |
| Vacant Housing Units | 374 ( 3.7%) |
| Median Home Value | $336,535 |
| Average Home Value | $356,398 |
Housing Distribution
Address Breakdown
Residential
9,775
Single Family
9,149
Multi-Family
626
Businesses
433
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Listed by: Ashley Corbett • Keller Williams Elite
Mls Name: Bright MLS
Mls ID: #PALN2024514