222 Old River RdWilkes 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
Rental property for sale in Wilkes Barre at 222 Old River Rd, Wilkes Barre, PA, 18702 generates $1,488/mo in rent and, after a $929/mo payment, leaves $244/mo in cash flow. Total monthly income is $1,488/mo, and annual cash flow is $2,929/yr on $62,952 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 9.4% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 128.35% and total cumulative return in cash sums $80,801. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,488/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1,813 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: Steve Shemo • Classic Properties Kingston
Mls Name: Luzerne County AOR
Mls ID: #25-2468