838 Elk StFranklinPA16323
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 Franklin at 838 Elk St, Franklin, PA, 16323 priced at $129,000 pairs $1,518/mo rent with $638/mo cash flow after a $631/mo payment. Total monthly income equals $1,518/mo, and annual cash flow comes to $7,660/yr on $42,764 invested. Return on cash invested is 37.82% in year one, and rental yield stands at 14.12% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 199.8% and total cumulative return in cash reaches $85,441. For financing, Ziffy Mortgage’s DSCR program evaluates $1,518/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1862
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16323, Franklin, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,308 (100%) |
| Owner Occupied HU | 4,678 (64.0%) |
| Renter Occupied HU | 1,781 (24.4%) |
| Vacant Housing Units | 849 (11.6%) |
| Median Home Value | $147,654 |
| Average Home Value | $190,611 |
Housing Distribution
Address Breakdown
Residential
6,829
Single Family
6,570
Multi-Family
259
Businesses
633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allen Sharrer • 1st Rate Realty, LLC
Mls Name: Allegheny Valley BOR
Mls ID: #161686
Disclaimer: Copyright Allegheny Valley Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.