814 N Shippen StLancasterPA17602
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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 Lancaster at 814 N Shippen St, Lancaster, PA, 17602 at $469,900 posts ROI 11.01% with from $1,924/mo rent. Total monthly income equals $1,924/mo. Return on cash invested measures 11.01% and rental yield reads 4.91% at the current $469,900. Equity gained on principal adds $3,032/yr, and 5% annual appreciation supports $129,825 by year five. Five-year ROI prints 55.59% and total cumulative return in cash totals $86,594. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,924/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17602, Lancaster, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,730 (100%) |
| Owner Occupied HU | 10,881 (50.1%) |
| Renter Occupied HU | 9,451 (43.5%) |
| Vacant Housing Units | 1,398 ( 6.4%) |
| Median Home Value | $317,822 |
| Average Home Value | $353,635 |
Housing Distribution
Address Breakdown
Residential
19,755
Single Family
17,487
Multi-Family
2,268
Businesses
1,375
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Listed by: James T. Dunn III • Iron Valley Real Estate of Lancaster
Mls Name: Bright MLS
Mls ID: #PALA2077438