118 Howard 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 118 Howard St, Old Forge, PA, 18518 priced at $289,870 converts $1,608/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,608/mo. Return on cash invested prints 16.27% in year one, and rental yield reads 6.66% against a $289,870 entry. Equity gained on principal adds $1,870/yr, while 5% annual appreciation compiles into $80,086 by year five. Five-year ROI reaches 83.82% and total cumulative return in cash sums $80,543. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,608/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.30 Acres 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: Gladys L DeSavino • Keller Williams Real Estate-Clarks Summit
Mls Name: GSBR
Mls Provider:
Mls ID: #SC253271
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.