245 Forks Hill RdMontrosePA18801
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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 Montrose at 245 Forks Hill Rd, Montrose, PA, 18801 offers $1,320/mo rent that, after a $832/mo payment, leaves $206/mo cash flow. Total monthly income is $1,320/mo, and annual cash flow is $2,473/yr on $56,355 cash. Return on cash invested measures 24.3% in year one, and rental yield stands at 9.32% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 126.95% and total cumulative return in cash reaches $71,541. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,320/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18801, Montrose, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,052 (100%) |
| Owner Occupied HU | 2,445 (60.3%) |
| Renter Occupied HU | 788 (19.4%) |
| Vacant Housing Units | 819 (20.2%) |
| Median Home Value | $270,020 |
| Average Home Value | $332,879 |
Housing Distribution
Address Breakdown
Residential
3,704
Single Family
3,621
Multi-Family
83
Businesses
341
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Listed by: JEFFREY R STROHL • Coldwell Banker Town & Country Properties Montrose
Mls Name: GSBR
Mls Provider:
Mls ID: #SC254291
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.