213 Colburn AveClarks SummitPA18411
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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 Clarks Summit at 213 Colburn Ave, Clarks Summit, PA, 18411 uses $92,787 cash to close to unlock $7,066/yr annual cash flow and $589/mo monthly cash flow. Total monthly income runs $2,423/mo, and a $1,370/mo payment keeps the spread at $589/mo. Purchase price stands at $279,900, and rental yield measures 10.39% with $2,423/mo rent. Return on cash invested shows 27.52% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 144.15% and total cumulative return in cash records $133,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,423/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18411, Clarks Summit, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,595 (100%) |
| Owner Occupied HU | 7,117 (74.2%) |
| Renter Occupied HU | 1,817 (18.9%) |
| Vacant Housing Units | 661 ( 6.9%) |
| Median Home Value | $313,873 |
| Average Home Value | $364,861 |
Housing Distribution
Address Breakdown
Residential
9,456
Single Family
9,073
Multi-Family
383
Businesses
674
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Listed by: Jason Heimrich • LUXE Homes Real Estate
Mls Name: Luzerne County AOR
Mls ID: #25-2745
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.