16 David RdHanover TownshipPA18706
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
Rental property for sale in Hanover Township at 16 David Rd, Hanover Township, PA, 18706 priced at $274,900 converts $2,248/mo rent into $447/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,248/mo, and annual cash flow totals $5,366/yr on $91,129 invested. Return on cash invested prints 25.8% in year one, and rental yield reads 9.81% against a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation compiles into $75,950 by year five. Five-year ROI reaches 134.94% and total cumulative return in cash sums $122,967. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,248/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,722 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18706, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,885 (58.7%) |
| Renter Occupied HU | 2,498 (30.0%) |
| Vacant Housing Units | 934 (11.2%) |
| Median Home Value | $158,203 |
| Average Home Value | $185,666 |
Housing Distribution
Address Breakdown
Residential
7,615
Single Family
7,399
Multi-Family
216
Businesses
415
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Listed by: Nicole Berry • RPA Real Estate
Mls Name: Luzerne County AOR
Mls ID: #24-4953
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.