151 Old River RdWilkes BarrePA18702
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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 Wilkes Barre at 151 Old River Rd, Wilkes Barre, PA, 18702 priced at $217,000 converts $1,648/mo rent into $226/mo cash flow after a $1,062/mo obligation. Total monthly income equals $1,648/mo, and annual cash flow totals $2,714/yr on $71,936 invested. Return on cash invested prints 23.68% in year one, and rental yield reads 9.11% against a $217,000 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation compiles into $59,953 by year five. Five-year ROI reaches 123.6% and total cumulative return in cash sums $88,913. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,648/mo property income covering a $1,062/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18702, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,946 (100%) |
| Owner Occupied HU | 9,120 (45.7%) |
| Renter Occupied HU | 8,214 (41.2%) |
| Vacant Housing Units | 2,612 (13.1%) |
| Median Home Value | $141,753 |
| Average Home Value | $186,249 |
Housing Distribution
Address Breakdown
Residential
17,771
Single Family
16,005
Multi-Family
1,766
Businesses
1,484
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Listed by: Jennifer Golden • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls Provider:
Mls ID: #SC5860
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.