120 Union StPittstonPA18640
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 Pittston at 120 Union St, Pittston, PA, 18640 offers $1,392/mo rent that, after a $952/mo payment, leaves $70/mo cash flow. Total monthly income is $1,392/mo, and annual cash flow is $842/yr on $64,477 cash. Return on cash invested measures 21.21% in year one, and rental yield stands at 8.59% at a $194,500 entry. Equity gained on principal adds $1,255/yr while 5% annual appreciation compounds into $53,737 by year five. Five-year ROI records 110.7% and total cumulative return in cash reaches $71,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,392/mo property income versus a $952/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
10,152 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18640, Pittston, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,507 (100%) |
| Owner Occupied HU | 4,971 (58.4%) |
| Renter Occupied HU | 2,557 (30.1%) |
| Vacant Housing Units | 979 (11.5%) |
| Median Home Value | $213,752 |
| Average Home Value | $242,796 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,327
Multi-Family
509
Businesses
756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Nastasiak • Keller Williams Real Estate, Kingston
Mls Name: Luzerne County AOR
Mls ID: #24-3410
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.