229 Sambourne StWilkes BarrePA18701
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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 229 Sambourne St, Wilkes Barre, PA, 18701 offers $2,032/mo rent that, after a $1,175/mo payment, leaves $459/mo cash flow. Total monthly income is $2,032/mo, and annual cash flow is $5,508/yr on $79,560 cash. Return on cash invested measures 26.83% in year one, and rental yield stands at 10.16% at a $240,000 entry. Equity gained on principal adds $1,549/yr while 5% annual appreciation compounds into $66,308 by year five. Five-year ROI records 140.44% and total cumulative return in cash reaches $111,734. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,032/mo property income versus a $1,175/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18701, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,575 (100%) |
| Owner Occupied HU | 88 ( 5.6%) |
| Renter Occupied HU | 1,213 (77.0%) |
| Vacant Housing Units | 274 (17.4%) |
| Median Home Value | $257,692 |
| Average Home Value | $252,031 |
Housing Distribution
Address Breakdown
Residential
1,551
Single Family
475
Multi-Family
1,076
Businesses
595
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Listed by: Alyssa Mackiw • EXP Realty LLC
Mls Name: GSBR
Mls Provider:
Mls ID: #SC4598
Disclaimer: Information provided by the Greater Scranton Board of REALTORS MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.