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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Drums at 17 W Foothills Dr, Drums, PA, 18222 generates $2,516/mo in rent and, after a $1,689/mo payment, leaves $226/mo in cash flow. Total monthly income is $2,516/mo, and annual cash flow is $2,710/yr on $114,368 invested. Return on cash invested sits at 22.28% in year one, and rental yield is 8.75% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 116.13% and total cumulative return in cash sums $132,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,516/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 18222, Drums, PA area.
| 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 |
Residential
4,258
Single Family
4,165
Multi-Family
93
Businesses
165
Date | Event | Price |
|---|---|---|
| 2024-11-25 | Price change | $345,000 |
| 2024-11-01 | Listed for sale | $355,000 |
| 2024-10-25 | Pending sale | $355,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-08 | $5489.30 | 2.94% | $276,400 | N/A |
| 2022-01-08 | $5332.45 | N/A | $276,400 | N/A |
| 2021-01-08 | $5332.45 | 10.33% | $276,400 | N/A |
Listed by: Cindy Knecht • Carr Realty of the Poconos
Mls Name: Bright MLS
Mls Provider:
Mls ID: #PALU2001746
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)
