714 Central AveOil CityPA16301
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
Rental property for sale in Oil City at 714 Central Ave, Oil City, PA, 16301 offers $1,115/mo rent that, after a $612/mo payment, leaves $296/mo cash flow. Total monthly income is $1,115/mo, and annual cash flow is $3,549/yr on $41,438 cash. Return on cash invested measures 28.47% in year one, and rental yield stands at 10.7% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 149.24% and total cumulative return in cash reaches $61,841. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,115/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16301, Oil City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,861 (100%) |
| Owner Occupied HU | 4,366 (55.5%) |
| Renter Occupied HU | 2,013 (25.6%) |
| Vacant Housing Units | 1,482 (18.9%) |
| Median Home Value | $101,651 |
| Average Home Value | $144,602 |
Housing Distribution
Address Breakdown
Residential
6,788
Single Family
6,388
Multi-Family
400
Businesses
401
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Listed by: Dave McCullough • 1st Rate Realty, LLC
Mls Name: Allegheny Valley BOR
Mls ID: #161916