1118 S Main StOld ForgePA18518
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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 Old Forge at 1118 S Main St, Old Forge, PA, 18518 generates $1,854/mo in rent and, after a $630/mo payment, leaves $1,010/mo in cash flow. Total monthly income is $1,854/mo, and annual cash flow is $12,125/yr on $42,697 invested. Return on cash invested sits at 48.31% in year one, and rental yield is 17.27% on a $128,800 entry. Equity gained on principal adds $831/yr, while 5% annual appreciation builds toward $35,585 over five years. Five-year ROI reaches 255.69% and total cumulative return in cash sums $109,174. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,854/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18518, Old Forge, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,570 (60.8%) |
| Renter Occupied HU | 1,253 (29.6%) |
| Vacant Housing Units | 404 ( 9.6%) |
| Median Home Value | $197,125 |
| Average Home Value | $245,108 |
Housing Distribution
Address Breakdown
Residential
4,012
Single Family
3,982
Multi-Family
30
Businesses
220
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