1588 S Hanover StNanticokePA18634
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
Investment property for sale in Nanticoke at 1588 S Hanover St, Nanticoke, PA, 18634 uses $84,499 cash to close to unlock $2,967/yr annual cash flow and $247/mo monthly cash flow. Total monthly income runs $1,918/mo, and a $1,248/mo payment keeps the spread at $247/mo. Purchase price stands at $254,900, and rental yield measures 9.03% with $1,918/mo rent. Return on cash invested shows 23.42% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 122.2% and total cumulative return in cash records $103,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,918/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18634, Nanticoke, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,194 (100%) |
| Owner Occupied HU | 3,727 (51.8%) |
| Renter Occupied HU | 2,420 (33.6%) |
| Vacant Housing Units | 1,047 (14.6%) |
| Median Home Value | $151,725 |
| Average Home Value | $173,417 |
Housing Distribution
Address Breakdown
Residential
6,400
Single Family
6,066
Multi-Family
334
Businesses
298
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cathy Tkaczyk • Classic Properties Back Mountain
Mls Name: Luzerne County AOR
Mls ID: #25-2119
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.