824 Magnus LnIrwinPA15642
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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 Irwin at 824 Magnus Ln, Irwin, PA, 15642 priced at $305,000 pairs $2,558/mo rent with $559/mo cash flow after a $1,493/mo payment. Total monthly income equals $2,558/mo, and annual cash flow comes to $6,711/yr on $101,108 invested. Return on cash invested is 26.55% in year one, and rental yield stands at 10.06% on a $305,000 basis. Equity gained on principal adds $1,968/yr, and 5% annual appreciation accumulates to $84,266 by year five. Five-year ROI measures 138.94% and total cumulative return in cash reaches $140,482. For financing, Ziffy Mortgage’s DSCR program evaluates $2,558/mo property income against a $1,493/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
17.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 15642, Irwin, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,340 (100%) |
| Owner Occupied HU | 16,291 (80.1%) |
| Renter Occupied HU | 2,979 (14.6%) |
| Vacant Housing Units | 1,070 ( 5.3%) |
| Median Home Value | $292,134 |
| Average Home Value | $334,371 |
Housing Distribution
Address Breakdown
Residential
19,788
Single Family
19,005
Multi-Family
783
Businesses
1,107
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Listed by: Melissa Merriman • KELLER WILLIAMS STEEL CITY
Mls Name: WPMLS
Mls ID: #1724002