246 Remington RdEast StroudsburgPA18301
Nearby investment properties with comparable rents
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 East Stroudsburg at 246 Remington Rd, East Stroudsburg, PA, 18301 priced at $479,900 converts $3,121/mo rent into after a $2,349/mo obligation. Total monthly income equals $3,121/mo. Return on cash invested prints 19.6% in year one, and rental yield reads 7.8% against a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,588 by year five. Five-year ROI reaches 101.69% and total cumulative return in cash sums $161,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,121/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1998
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18301, East Stroudsburg, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,321 (100%) |
| Owner Occupied HU | 6,758 (59.7%) |
| Renter Occupied HU | 3,292 (29.1%) |
| Vacant Housing Units | 1,271 (11.2%) |
| Median Home Value | $306,282 |
| Average Home Value | $348,671 |
Housing Distribution
Address Breakdown
Residential
10,658
Single Family
10,302
Multi-Family
356
Businesses
773
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sylwia Sacci • Pocono Mountains Real Estate
Mls Name: GLVR
Mls Provider:
Mls ID: #758778
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.