10 Reno LnWilkes BarrePA18702
Nearby investment properties with comparable rents
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 Wilkes Barre at 10 Reno Ln, Wilkes Barre, PA, 18702 priced at $109,000 converts $2,465/mo rent into $1,750/mo cash flow after a $534/mo obligation. Total monthly income equals $2,465/mo, and annual cash flow totals $21,003/yr on $36,134 invested. Return on cash invested prints 78.03% in year one, and rental yield reads 27.14% against a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation compiles into $30,115 by year five. Five-year ROI reaches 415.15% and total cumulative return in cash sums $150,010. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,465/mo property income covering a $534/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
2,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18702, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,946 (100%) |
| Owner Occupied HU | 9,120 (45.7%) |
| Renter Occupied HU | 8,214 (41.2%) |
| Vacant Housing Units | 2,612 (13.1%) |
| Median Home Value | $141,753 |
| Average Home Value | $186,249 |
Housing Distribution
Address Breakdown
Residential
17,771
Single Family
16,005
Multi-Family
1,766
Businesses
1,484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Shudak • eXp Realty Philadelphia
Mls Name: Luzerne County AOR
Mls ID: #24-3129
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.