109 New Alexander StWilkes BarrePA18702
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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
Rental property for sale in Wilkes Barre at 109 New Alexander St, Wilkes Barre, PA, 18702 priced at $189,900 converts $1,493/mo rent into $249/mo cash flow after a $929/mo obligation. Total monthly income equals $1,493/mo, and annual cash flow totals $2,989/yr on $62,952 invested. Return on cash invested prints 24.66% in year one, and rental yield reads 9.43% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 128.83% and total cumulative return in cash sums $81,101. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,493/mo property income covering a $929/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
2,850 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
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Listed by: Michael Kon • Tom Hart Realty
Mls Name: Luzerne County AOR
Mls ID: #25-2762