216 Melissa DrEastonPA18045
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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
Rental property for sale in Easton at 216 Melissa Dr, Easton, PA, 18045 priced at $339,900 pairs $3,340/mo rent with $1,092/mo cash flow after a $1,664/mo payment. Total monthly income equals $3,340/mo, and annual cash flow comes to $13,103/yr on $112,677 invested. Return on cash invested is 31.54% in year one, and rental yield stands at 11.79% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 165.75% and total cumulative return in cash reaches $186,767. For financing, Ziffy Mortgage’s DSCR program evaluates $3,340/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1998
10,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18045, Easton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,452 (100%) |
| Owner Occupied HU | 10,578 (78.6%) |
| Renter Occupied HU | 2,460 (18.3%) |
| Vacant Housing Units | 414 ( 3.1%) |
| Median Home Value | $370,344 |
| Average Home Value | $419,077 |
Housing Distribution
Address Breakdown
Residential
12,945
Single Family
12,747
Multi-Family
198
Businesses
770
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Listed by: Anne E. Goldstein • CENTURY 21 Pinnacle
Mls Name: GLVR
Mls Provider:
Mls ID: #758334
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.