254 Hoover StOld ForgePA18518
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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 Old Forge at 254 Hoover St, Old Forge, PA, 18518 earns $368/mo cash flow from $2,431/mo rent with a $1,541/mo payment. Total monthly income totals $2,431/mo, and annual cash flow totals $4,413/yr on $104,389 capital. ROI tracks 24.14% on current figures, and rental yield reads 9.26% at a $314,900 purchase. Equity gained on principal adds $2,032/yr, and 5% annual appreciation supports $87,001 over five years. Five-year ROI reaches 125.99% and total cumulative return in cash sums $131,518. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,431/mo property income instead of your personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18518, Old Forge, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,570 (60.8%) |
| Renter Occupied HU | 1,253 (29.6%) |
| Vacant Housing Units | 404 ( 9.6%) |
| Median Home Value | $197,125 |
| Average Home Value | $245,108 |
Housing Distribution
Address Breakdown
Residential
4,012
Single Family
3,982
Multi-Family
30
Businesses
220
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Listed by: Courtney Marie McDonald • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls ID: #SC2983