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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% |
Investment property for sale in Wilkes Barre at 1120 W Mountain Lake Dr, Wilkes Barre, PA, 18702 uses $92,820 cash to close to unlock $4,108/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $1,370/mo payment keeps the spread at $342/mo. Purchase price stands at $280,000, and rental yield measures 9.69% with $2,260/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 127.47% and total cumulative return in cash records $118,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
$1,000 annually HOA
Neighborhood data shown for ZIP Code: 18702, Wilkes Barre, PA area.
| 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 |
Residential
17,771
Single Family
16,005
Multi-Family
1,766
Businesses
1,484
Date | Event | Price |
|---|---|---|
| 2025-04-06 | Listed for sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Crawl Opening
Listed by: KIMBERLY MECCA • NASSER REAL ESTATE, INC.
Mls Name: GSBR
Mls Provider:
Mls ID: #SC251487
Disclaimer: Information provided by the Greater Scranton Board of REALTORS MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.
