222 Ridge StHonesdalePA18431
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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 Honesdale at 222 Ridge St, Honesdale, PA, 18431 uses $99,119 cash to close to unlock $8,438/yr annual cash flow and $703/mo monthly cash flow. Total monthly income runs $2,662/mo, and a $1,463/mo payment keeps the spread at $703/mo. Purchase price stands at $299,000, and rental yield measures 10.68% with $2,662/mo rent. Return on cash invested shows 28.42% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 149.01% and total cumulative return in cash records $147,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,662/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18431, Honesdale, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,892 (100%) |
| Owner Occupied HU | 4,149 (60.2%) |
| Renter Occupied HU | 1,582 (23.0%) |
| Vacant Housing Units | 1,161 (16.8%) |
| Median Home Value | $257,867 |
| Average Home Value | $318,571 |
Housing Distribution
Address Breakdown
Residential
5,828
Single Family
5,731
Multi-Family
97
Businesses
725
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Listed by: David Sweeney • USRealty.com, LLP
Mls Name: PWAR
Mls Provider:
Mls ID: #PW242684
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.