200 Riverside DrWilkes BarrePA18702
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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
Investment property for sale in Wilkes Barre at 200 Riverside Dr, Wilkes Barre, PA, 18702 offers a 8.4% rental yield on a $360,000 purchase with $2,520/mo rent. Total monthly income registers $2,520/mo, and a $1,762/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,766/yr on $119,340 to close, and return on cash invested stands at 21.39% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 111.33% and total cumulative return in cash at $132,861. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,520/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18702, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,946 (100%) |
| Owner Occupied HU | 9,120 (45.7%) |
| Renter Occupied HU | 8,214 (41.2%) |
| Vacant Housing Units | 2,612 (13.1%) |
| Median Home Value | $141,753 |
| Average Home Value | $186,249 |
Housing Distribution
Address Breakdown
Residential
17,771
Single Family
16,005
Multi-Family
1,766
Businesses
1,484
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Listed by: Stephen Franco • Gorilla Real Estate LLC
Mls Name: GSBR
Mls Provider:
Mls ID: #SC6398
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.