904 Washington AveNew GalileePA16141
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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 New Galilee at 904 Washington Ave, New Galilee, PA, 16141 priced at $160,000 converts $1,565/mo rent into $506/mo cash flow after a $783/mo obligation. Total monthly income equals $1,565/mo, and annual cash flow totals $6,075/yr on $53,040 invested. Return on cash invested prints 31.36% in year one, and rental yield reads 11.74% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 164.89% and total cumulative return in cash sums $87,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,565/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1880
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16141, New Galilee, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 755 (100%) |
| Owner Occupied HU | 590 (78.1%) |
| Renter Occupied HU | 83 (11.0%) |
| Vacant Housing Units | 82 (10.9%) |
| Median Home Value | $205,797 |
| Average Home Value | $224,398 |
Housing Distribution
Address Breakdown
Residential
639
Single Family
639
Multi-Family
0
Businesses
19
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Listed by: Scott Fosnot • RE/MAX SELECT REALTY
Mls Name: WPMLS
Mls Provider:
Mls ID: #1679607
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.