647 Chestnut St

Springdale, PA 15144
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3 bd, 1.5 ba | 1,824 sqft | Built in 1926

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List Price
$125,000

Initial Investment

$34,063

Purchase Price

$125,000

Down Payment

25%

Rent

$1,270

Total Return

$53,449

Annualized Return

22.3%

Cap Rate

7.5%

Gross Yield

12.2%

Cash Flow

$1,798

Appreciation

6.2%
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Features

Lot Size

4,718

HOA

None

Flood Risk

Not Required

This 2 story, 3 bedroom home in Springdale has so many possibilities! There are 2 kitchens! One on the main floor and one on the upper level that could potentially be a 4th bedroom if the kitchen is not desired. Upon entering the back of the home, you will see the laundry room to the right. The large eat-in kitchen is on the left. Enter through the doorway to the open concept dining room and living room that features French doors leading to the hallway. Across from the living room is the second bedroom which could also be used for an office space, family room or den. The extra large bathroom has it own built in vanity and the master bedroom features a large Cedar walk-in closet and a second smaller closet. The second floor had been used as a separate apartment at one time. It features a kitchen, bonus room, a second bonus room that could be used to create a full bath, living room (which could also be used as a bedroom) and a bedroom with a walk-in closet. There is so much potential!

See more in Analysis
Max Feinberg
RE/MAX 360 Realty
PA Agent License #RS341613
Annual Financial Highlights

Expected Rent

$14,478

Expenses

-$3,184

Property Taxes

-$2,700

Loan Payments

-$6,796

Net Cash Flow

$1,798

See more in Financials

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
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  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
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Property Management

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Listing Courtesy of:Karen Shoop
HOWARD HANNA REAL ESTATE SERVICES
Certified Agent Brokerage:Max Feinberg
RE/MAX 360 Realty
PA Brokerage License RB068728
SourceWest Penn Multi-List, Inc. (WPML)
MLS #1596664
Last Updated: 03/16/2023 12:03
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