930 Melhorn RdFairviewPA16415
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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 Fairview at 930 Melhorn Rd, Fairview, PA, 16415 offers a 15.24% rental yield on a $239,900 purchase with $3,047/mo rent. Total monthly income registers $3,047/mo, and a $1,174/mo payment leaves $1,475/mo available for distribution. Annual cash flow reaches $17,702/yr on $79,527 to close, and return on cash invested stands at 42.17% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 222.74% and total cumulative return in cash at $177,139. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,047/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16415, Fairview, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,734 (100%) |
| Owner Occupied HU | 3,105 (83.2%) |
| Renter Occupied HU | 400 (10.7%) |
| Vacant Housing Units | 229 ( 6.1%) |
| Median Home Value | $343,705 |
| Average Home Value | $385,103 |
Housing Distribution
Address Breakdown
Residential
3,701
Single Family
3,606
Multi-Family
95
Businesses
256
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Listed by: Brian Eastman • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #179828
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.