742 E Grand AveTower CityPA17980
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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
Rental property for sale in Tower City at 742 E Grand Ave, Tower City, PA, 17980 priced at $219,900 converts $1,576/mo rent into $135/mo cash flow after a $1,076/mo obligation. Total monthly income equals $1,576/mo, and annual cash flow totals $1,624/yr on $72,897 invested. Return on cash invested prints 22.14% in year one, and rental yield reads 8.6% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 115.29% and total cumulative return in cash sums $84,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,576/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17980, Tower City, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,635 (100%) |
| Owner Occupied HU | 1,148 (70.2%) |
| Renter Occupied HU | 279 (17.1%) |
| Vacant Housing Units | 208 (12.7%) |
| Median Home Value | $164,370 |
| Average Home Value | $194,578 |
Housing Distribution
Address Breakdown
Residential
1,385
Single Family
1,360
Multi-Family
25
Businesses
89
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Listed by: Susan McFadden • Keller Williams Platinum Realty - Wyomissing
Mls Name: Bright MLS
Mls ID: #PASK2023208