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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Drums at 108 Refuge Dr E, Drums, PA, 18222 generates $2,605/mo in rent and, after a $1,468/mo payment, leaves $351/mo in cash flow. Total monthly income is $2,605/mo, and annual cash flow is $4,211/yr on $99,417 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 10.42% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 127.29% and total cumulative return in cash sums $126,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,605/mo property income rather than buyer’s personal income.
Condo
Built in 2011
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood data shown for ZIP Code: 18222, Drums, PA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,237 (100%) |
| Owner Occupied HU | 3,341 (78.9%) |
| Renter Occupied HU | 519 (12.2%) |
| Vacant Housing Units | 377 ( 8.9%) |
| Median Home Value | $276,287 |
| Average Home Value | $294,507 |
Residential
4,258
Single Family
4,165
Multi-Family
93
Businesses
165
Date | Event | Price |
|---|---|---|
| 2024-12-23 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $4933.22 | 2.94% | $248,400 | N/A |
| 2022-02-15 | $4792.26 | N/A | $248,400 | N/A |
| 2021-02-15 | $4792.26 | 10.33% | $248,400 | N/A |
Listed by: Cheryl Roman • Lewith & Freeman, Drums
Mls Name: Luzerne County AOR
Mls ID: #24-6143
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.
