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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 28 Landis Dr, Lancaster, PA, 17602 with 5% annual appreciation on a $398,000 basis while $4,728/mo rent supports operations. Total monthly income totals $4,728/mo and a $1,948/mo payment preserves $2,011/mo for cash returns. Annual cash flow comes to $24,126/yr on $131,937 deployed, and return on cash invested reaches 38.2% in year one. Equity gained on principal adds $2,568/yr, and five-year appreciation sums $109,960 alongside rental yield of 14.26%. Five-year ROI measures 201.74% and total cumulative return in cash totals $266,172.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,728/mo property income versus a $1,948/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.34 Acres 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 |
|---|---|---|
| 2024-07-18 | Listed for sale | $398,000 |
| 2024-07-05 | Listing removed | $N/A |
| 2024-06-10 | Listed for sale | $398,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-13 | $7245.19 | 1.71% | $183,100 | N/A |
| 2023-09-13 | $7123.34 | 4.34% | $183,100 | N/A |
| 2022-09-13 | $6826.72 | N/A | $183,100 | N/A |
Nearby investment properties with comparable rents
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1970
- Architectural Style: Ranch/Rambler
- Building Area: N/A
- Living Area: 2,676 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Heat Pump, Electric
- Cooling: Central A/C, Electric
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: Other
- Parking Features: Garage Faces Front, Attached Garage, Driveway, Off Street
Location
- City: Lancaster
- Subdivision: None Available
- Lot Size: 0.34 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
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: N/A
Listed by: Jerred Hall • RE/MAX Evolved
Mls Name: Bright MLS
Mls Provider:
Mls ID: #PALA2053886
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