978 Mead AveCorryPA16407
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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 Corry at 978 Mead Ave, Corry, PA, 16407 uses $99,417 cash to close to unlock $3,920/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,292/mo, and a $1,468/mo payment keeps the spread at $327/mo. Purchase price stands at $299,900, and rental yield measures 9.17% with $2,292/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 124.46% and total cumulative return in cash records $123,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,292/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1968
1.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16407, Corry, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,659 (100%) |
| Owner Occupied HU | 2,963 (63.6%) |
| Renter Occupied HU | 1,245 (26.7%) |
| Vacant Housing Units | 451 ( 9.7%) |
| Median Home Value | $161,341 |
| Average Home Value | $197,347 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,256
Multi-Family
140
Businesses
378
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Listed by: Levi Marsh • Marsha Marsh RES West Ridge
Mls Name: GEMLS
Mls ID: #184337