245 S Main StHanover TownshipPA18706
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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
Investment property for sale in Hanover Township at 245 S Main St, Hanover Township, PA, 18706 at $249,900 posts ROI 30.06% with $701/mo cash flow from $2,338/mo rent. Total monthly income equals $2,338/mo, and annual cash flow records $8,407/yr on $82,842 to close. Return on cash invested measures 30.06% and rental yield reads 11.23% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 157.76% and total cumulative return in cash totals $130,694.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,338/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
6,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18706, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,885 (58.7%) |
| Renter Occupied HU | 2,498 (30.0%) |
| Vacant Housing Units | 934 (11.2%) |
| Median Home Value | $158,203 |
| Average Home Value | $185,666 |
Housing Distribution
Address Breakdown
Residential
7,615
Single Family
7,399
Multi-Family
216
Businesses
415
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Listed by: Donna Santoroski • Lewith & Freeman, Mountaintop
Mls Name: Luzerne County AOR
Mls ID: #25-5044