116 Salem AveCarbondalePA18407
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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
Total monthly income runs $1,242/mo, and a $7,219/mo payment. Purchase price stands at $1,475,000, and rental yield measures 1.01% with $1,242/mo rent. Return on cash invested shows -0.78% in year one, and 5% annual appreciation builds toward $407,515 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,242/mo property income covering a $7,219/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18407, Carbondale, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,183 (100%) |
| Owner Occupied HU | 3,932 (54.7%) |
| Renter Occupied HU | 2,174 (30.3%) |
| Vacant Housing Units | 1,077 (15.0%) |
| Median Home Value | $211,128 |
| Average Home Value | $259,991 |
Housing Distribution
Address Breakdown
Residential
6,036
Single Family
5,612
Multi-Family
424
Businesses
411
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Listed by: Ofra Beigel • OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT
Mls Name: NY State MLS
Mls ID: #11392145