813 Chestnut StRenoPA16343
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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 Reno at 813 Chestnut St, Reno, PA, 16343 generates $1,049/mo in rent, after a $827/mo payment. Total monthly income is $1,049/mo. Return on cash invested sits at 18.66% in year one, and rental yield is 7.45% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 96.66% and total cumulative return in cash sums $54,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,049/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16343, Reno, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 138 (100%) |
| Owner Occupied HU | 92 (66.7%) |
| Renter Occupied HU | 25 (18.1%) |
| Vacant Housing Units | 21 (15.2%) |
| Median Home Value | $169,643 |
| Average Home Value | $187,826 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
33
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Listed by: Bobbi Lazar • 1st Rate Realty, LLC
Mls Name: Allegheny Valley BOR
Mls ID: #161780