2316 Wagon Wheel DrEastonPA18040
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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 Easton at 2316 Wagon Wheel Dr, Easton, PA, 18040 generates $3,530/mo in rent and, after a $1,786/mo payment, leaves $1,139/mo in cash flow. Total monthly income is $3,530/mo, and annual cash flow is $13,667/yr on $120,964 invested. Return on cash invested sits at 31.21% in year one, and rental yield is 11.61% on a $364,900 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 163.9% and total cumulative return in cash sums $198,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18040, Easton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,009 (100%) |
| Owner Occupied HU | 6,140 (87.6%) |
| Renter Occupied HU | 647 ( 9.2%) |
| Vacant Housing Units | 222 ( 3.2%) |
| Median Home Value | $383,852 |
| Average Home Value | $414,737 |
Housing Distribution
Address Breakdown
Residential
6,987
Single Family
6,939
Multi-Family
48
Businesses
247
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Listed by: Jessie Cevallos • BetterHomes&GardensRE/Cassidon
Mls Name: GLVR
Mls ID: #767916