159 Rainbow DrLackawaxenPA18435
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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 Lackawaxen at 159 Rainbow Dr, Lackawaxen, PA, 18435 generates $2,137/mo in rent, after a $1,640/mo payment. Total monthly income is $2,137/mo. Return on cash invested sits at 19.28% in year one, and rental yield is 7.65% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 99.94% and total cumulative return in cash sums $110,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,137/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18435, Lackawaxen, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 400 (23.4%) |
| Renter Occupied HU | 67 ( 3.9%) |
| Vacant Housing Units | 1,241 (72.7%) |
| Median Home Value | $307,576 |
| Average Home Value | $325,244 |
Housing Distribution
Address Breakdown
Residential
672
Single Family
672
Multi-Family
0
Businesses
23
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Listed by: Kate Daye Ruane • Revolve Real Estate
Mls Name: GSBR
Mls Provider:
Mls ID: #SC5323
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.