1115 Halowich RdHarveys LakePA18618
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 Harveys Lake at 1115 Halowich Rd, Harveys Lake, PA, 18618 priced at $589,000 converts $5,550/mo rent into $1,690/mo cash flow after a $2,883/mo obligation. Total monthly income equals $5,550/mo, and annual cash flow totals $20,283/yr on $193,781 invested. Return on cash invested prints 30.53% in year one, and rental yield reads 11.31% against a $589,000 entry. Equity gained on principal adds $3,801/yr, while 5% annual appreciation compiles into $162,730 by year five. Five-year ROI reaches 160.24% and total cumulative return in cash sums $310,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,550/mo property income covering a $2,883/mo payment, not borrower’s personal income.
Single Family
Built in N/A
2.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18618, Harveys Lake, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,088 (100%) |
| Owner Occupied HU | 1,330 (63.7%) |
| Renter Occupied HU | 287 (13.7%) |
| Vacant Housing Units | 471 (22.6%) |
| Median Home Value | $327,864 |
| Average Home Value | $399,957 |
Housing Distribution
Address Breakdown
Residential
1,726
Single Family
1,726
Multi-Family
0
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Whitney Pollock • Classic Properties - Shavertown
Mls Name: Luzerne County AOR
Mls ID: #24-3650
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.