8582 Rice RdShippensburgPA17257
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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 Shippensburg at 8582 Rice Rd, Shippensburg, PA, 17257 uses $94,643 cash to close to unlock $2,730/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $2,098/mo, and a $1,397/mo payment keeps the spread at $228/mo. Purchase price stands at $285,500, and rental yield measures 8.82% with $2,098/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $78,878 over five years. Five-year ROI reaches 118.8% and total cumulative return in cash records $112,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,098/mo property income covering a $1,397/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 17257, Shippensburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,794 (100%) |
| Owner Occupied HU | 7,371 (62.5%) |
| Renter Occupied HU | 3,535 (30.0%) |
| Vacant Housing Units | 888 ( 7.5%) |
| Median Home Value | $265,947 |
| Average Home Value | $316,063 |
Housing Distribution
Address Breakdown
Residential
11,031
Single Family
10,683
Multi-Family
348
Businesses
573
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Listed by: Amanda Ridgway • LUX+
Mls Name: Bright MLS
Mls ID: #PAFL2029126