1299 Roosevelt HwyWaymartPA18472
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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 Waymart at 1299 Roosevelt Hwy, Waymart, PA, 18472 generates $2,353/mo in rent and, after a $1,331/mo payment, leaves $571/mo in cash flow. Total monthly income is $2,353/mo, and annual cash flow is $6,851/yr on $90,168 invested. Return on cash invested sits at 27.51% in year one, and rental yield is 10.38% on a $272,000 entry. Equity gained on principal adds $1,755/yr, while 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 144.06% and total cumulative return in cash sums $129,893. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,353/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18472, Waymart, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,258 (100%) |
| Owner Occupied HU | 1,314 (58.2%) |
| Renter Occupied HU | 381 (16.9%) |
| Vacant Housing Units | 563 (24.9%) |
| Median Home Value | $270,977 |
| Average Home Value | $334,416 |
Housing Distribution
Address Breakdown
Residential
1,683
Single Family
1,653
Multi-Family
30
Businesses
124
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Listed by: Sherrie L Miller • Keller Williams Real Estate-Clarks Summit
Mls Name: GSBR
Mls Provider:
Mls ID: #SC6374
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.