1214 Mine 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 1214 Mine St, Old Forge, PA, 18518 generates $1,078/mo in rent, after a $929/mo payment. Total monthly income is $1,078/mo. Return on cash invested sits at 16.75% in year one, and rental yield is 6.81% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 86.44% and total cumulative return in cash sums $54,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,078/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6,098 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: Lori Francis • Ruddy Realty
Mls Name: GSBR
Mls ID: #SC254061