2341 Bald Mountain 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
Investment property for sale in Wilkes Barre at 2341 Bald Mountain Rd, Wilkes Barre, PA, 18702 uses $53,007 cash to close to unlock $2,914/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,291/mo, and a $783/mo payment keeps the spread at $243/mo. Purchase price stands at $159,900, and rental yield measures 9.69% with $1,291/mo rent. Return on cash invested shows 25.41% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 132.79% and total cumulative return in cash records $70,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,291/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1938
13.98 Acres 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: Patricia Leighton • C. A. Leighton Company Inc
Mls Name: Luzerne County AOR
Mls ID: #25-2200