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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 Lancaster at 159 E King St STE 221, Lancaster, PA, 17602 offers a 8.13% rental yield on a $329,900 purchase with $2,234/mo rent. 88% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 83.46% and total cumulative return in cash at $91,275. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,234/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 17602, Lancaster, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,730 (100%) |
| Owner Occupied HU | 10,881 (50.1%) |
| Renter Occupied HU | 9,451 (43.5%) |
| Vacant Housing Units | 1,398 ( 6.4%) |
| Median Home Value | $317,822 |
| Average Home Value | $353,635 |
Housing Distribution
Address Breakdown
Residential
19,755
Single Family
17,487
Multi-Family
2,268
Businesses
1,375
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $329,900 |
| 2025-03-07 | Listing removed | $2,195 |
| 2025-02-17 | Price change | $2,195 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-15 | $4178.55 | 1.71% | $105,600 | N/A |
| 2023-03-15 | $4108.27 | 4.34% | $105,600 | N/A |
| 2022-03-15 | $3937.20 | N/A | $105,600 | N/A |
Nearby investment properties with comparable rents
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Nearby investment properties with comparable prices
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Facts & Features
General Information
- Type: Condo
- Year Built: 2014
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 1,291 sqft
- Property Condition: Very Good
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: Central A/C, Electric
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Assigned, Surface, Off Street, Parking Lot
Location
- City: Lancaster
- Subdivision: None Available
- Lot Size: N/A
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: None
- Association Fee Includes: Common Area Maintenance, Water, Sewer, Snow Removal
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: Mccaskey H.s.
Listed by: Jeremy Ganse • RE/MAX SmartHub Realty
Mls Name: Bright MLS
Mls Provider:
Mls ID: #PALA2065336
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)