23 Elm StWest PittstonPA18643
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Nearby investment properties with comparable prices
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 West Pittston at 23 Elm St, West Pittston, PA, 18643 offers $2,146/mo rent that, after a $1,184/mo payment, leaves $561/mo cash flow. Total monthly income is $2,146/mo, and annual cash flow is $6,728/yr on $80,223 cash. Return on cash invested measures 28.3% in year one, and rental yield stands at 10.64% at a $242,000 entry. Equity gained on principal adds $1,562/yr while 5% annual appreciation compounds into $66,860 by year five. Five-year ROI records 148.3% and total cumulative return in cash reaches $118,974. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,146/mo property income versus a $1,184/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,883 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18643, Pittston, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,924 (100%) |
| Owner Occupied HU | 3,699 (62.4%) |
| Renter Occupied HU | 1,632 (27.5%) |
| Vacant Housing Units | 593 (10.0%) |
| Median Home Value | $222,579 |
| Average Home Value | $244,674 |
Housing Distribution
Address Breakdown
Residential
5,685
Single Family
5,548
Multi-Family
137
Businesses
311
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Listed by: Amanda Kowalczyk • Diamond Trail Realty
Mls Name: Luzerne County AOR
Mls ID: #25-5510