166 Knorr RdDrumsPA18222
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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 Drums at 166 Knorr Rd, Drums, PA, 18222 priced at $244,900 pairs $1,742/mo rent with $137/mo cash flow after a $1,199/mo payment. Total monthly income equals $1,742/mo, and annual cash flow comes to $1,643/yr on $81,184 invested. Return on cash invested is 21.93% in year one, and rental yield stands at 8.54% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 114.16% and total cumulative return in cash reaches $92,681. For financing, Ziffy Mortgage’s DSCR program evaluates $1,742/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18222, Drums, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,237 (100%) |
| Owner Occupied HU | 3,341 (78.9%) |
| Renter Occupied HU | 519 (12.2%) |
| Vacant Housing Units | 377 ( 8.9%) |
| Median Home Value | $276,287 |
| Average Home Value | $294,507 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
4,165
Multi-Family
93
Businesses
165
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Listed by: Gerald T McGuire • McGuire Real Estate Group
Mls Name: Luzerne County AOR
Mls ID: #24-6040
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.