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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 701 N Queen St UNIT 703, Lancaster, PA, 17603 uses $138,899 cash to close to unlock $1,442/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $2,866/mo, and a $2,051/mo payment keeps the spread at $120/mo. Purchase price stands at $419,000, and rental yield measures 8.21% with $2,866/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 108.91% and total cumulative return in cash records $151,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,866/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Multi Family
Built in 1935
3,049 sqft lot
$N/A/sqft
No HOA
More details about the property
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1935
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: On Street
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 3,049 sqft
- 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: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jim Bitner • Contigo Real Estate
Mls Name: Bright MLS
Mls ID: #PALA2072126