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Cap Rate Analysis: Lock Haven, PA

Investment metrics, interactive calculators, and data-driven analysis for Lock Haven rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $190,000 median price and $910/mo median rent
Est. Cap Rate
3.22%
1% Rule
0.48%
Fails
GRM
17.4x
Price / Income
4.0x

Market Data

Median Home Price$190,000
Median Monthly Rent$910
Property Tax Rate1.38%
Population50,000
Population Growth0.2% / yr
Median Household Income$47,800
Vacancy Rate6%
Annual Appreciation2.3%

Cap Rate Calculator — Lock Haven

Pre-filled with Lock Haven medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.38% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.59%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$4,913
net operating income
Gross Rent Multiplier
17.4x
High (>15)
1% Rule
0.48%
✗ Fails
Monthly Cash Flow
$409
before debt service
Annual Breakdown
Gross Rental Income$10,920
Less Vacancy−$655
Effective Income$10,265
Less Operating Expenses−$5,352
Net Operating Income$4,913
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Cash-on-Cash Return — Lock Haven

Factor in financing to see your actual return on invested capital in Lock Haven.

$
$47,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-9.04%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$53,200
$47,500 down + $5,700 closing
Monthly Mortgage
$929
on $143K loan
Monthly Cash Flow
$-401
after all expenses
Annual Cash Flow
$-4,812
before taxes
Cash Flow Breakdown
Monthly Rent$910
Less Expenses−$382
Less Mortgage−$929
Monthly Cash Flow$-401

Is Lock Haven a Good Place to Invest in Rental Property?

Lock Haven, PA has a population of 50,000 and has been growing at 0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $190,000 paired with median rents of $910/mo produces an estimated cap rate of 3.22%.

Property taxes at 1.38% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 6% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 4.0x, homes cost about 4.0 times the local median income of $47,800. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.3% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Lock Haven is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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