1-3 Washington TerPittstonPA18640
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Nearby investment properties with comparable prices
Ziffy AI Summary
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
Rental property for sale in Pittston at 1-3 Washington Ter, Pittston, PA, 18640 priced at $349,900 pairs $2,917/mo rent with $624/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,917/mo, and annual cash flow comes to $7,485/yr on $115,992 invested. Return on cash invested is 26.36% in year one, and rental yield stands at 10% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 137.92% and total cumulative return in cash reaches $159,978. For financing, Ziffy Mortgage’s DSCR program evaluates $2,917/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18640, Pittston, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,507 (100%) |
| Owner Occupied HU | 4,971 (58.4%) |
| Renter Occupied HU | 2,557 (30.1%) |
| Vacant Housing Units | 979 (11.5%) |
| Median Home Value | $213,752 |
| Average Home Value | $242,796 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,327
Multi-Family
509
Businesses
756
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Listed by: Arick Joel Nunez • Classic Properties Kingston
Mls Name: Luzerne County AOR
Mls ID: #24-3490
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.