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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% |
Investment property for sale in Drums at 218 Refuge Cir, Drums, PA, 18222 uses $96,102 cash to close to unlock $1,155/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $2,246/mo, and a $1,419/mo payment keeps the spread at $96/mo. Purchase price stands at $289,900, and rental yield measures 9.3% with $2,246/mo rent. Return on cash invested shows 21.11% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 110.93% and total cumulative return in cash records $106,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,246/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 2012
N/A lot
$N/A/sqft
$250 monthly 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 |
|---|---|---|
| 2024-12-16 | Listed for sale | $289,900 |
| 2017-01-20 | Sold | $192,500 |
| 2013-07-08 | Sold | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $4075.27 | 2.94% | $205,200 | N/A |
| 2022-02-15 | $3958.82 | N/A | $205,200 | N/A |
| 2021-02-15 | $3958.82 | 10.33% | $205,200 | N/A |
Listed by: Gerald W McGuire • McGuire Real Estate Group
Mls Name: Luzerne County AOR
Mls ID: #24-6063
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.
