1016 Washington StFreelandPA18224
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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
Investment property for sale in Freeland at 1016 Washington St, Freeland, PA, 18224 uses $66,267 cash to close to unlock $3,054/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,564/mo, and a $978/mo payment keeps the spread at $255/mo. Purchase price stands at $199,900, and rental yield measures 9.39% with $1,564/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 128.06% and total cumulative return in cash records $84,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,564/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18224, Freeland, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,199 (100%) |
| Owner Occupied HU | 1,957 (61.2%) |
| Renter Occupied HU | 855 (26.7%) |
| Vacant Housing Units | 387 (12.1%) |
| Median Home Value | $141,635 |
| Average Home Value | $168,710 |
Housing Distribution
Address Breakdown
Residential
2,918
Single Family
2,800
Multi-Family
118
Businesses
132
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Listed by: Corine Sworen • Lewith & Freeman, Mountaintop
Mls Name: Luzerne County AOR
Mls ID: #25-1563
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.