115 Marion StOld ForgePA18518
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 Old Forge at 115 Marion St, Old Forge, PA, 18518 priced at $213,900 converts $1,744/mo rent into $342/mo cash flow after a $1,047/mo obligation. Total monthly income equals $1,744/mo, and annual cash flow totals $4,107/yr on $70,908 invested. Return on cash invested prints 25.7% in year one, and rental yield reads 9.78% against a $213,900 entry. Equity gained on principal adds $1,380/yr, while 5% annual appreciation compiles into $59,097 by year five. Five-year ROI reaches 134.43% and total cumulative return in cash sums $95,320. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,744/mo property income covering a $1,047/mo payment, not borrower’s personal income.
Single Family
Built in 1949
6,534 sqft 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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Listed by: PAMELA CADMAN-ROMALDINI • Coldwell Banker Town & Country Properties
Mls Name: GSBR
Mls Provider:
Mls ID: #SC252609
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.