29 Covington Lake DrCovington TownshipPA18424
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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 Covington Township at 29 Covington Lake Dr, Covington Township, PA, 18424 priced at $475,000 pairs $3,594/mo rent with $481/mo cash flow after a $2,325/mo payment. Total monthly income equals $3,594/mo, and annual cash flow comes to $5,775/yr on $157,463 invested. Return on cash invested is 23.58% in year one, and rental yield stands at 9.08% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 123.01% and total cumulative return in cash reaches $193,687. For financing, Ziffy Mortgage’s DSCR program evaluates $3,594/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18424, Gouldsboro, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,051 (100%) |
| Owner Occupied HU | 1,915 (47.3%) |
| Renter Occupied HU | 322 ( 7.9%) |
| Vacant Housing Units | 1,814 (44.8%) |
| Median Home Value | $238,164 |
| Average Home Value | $288,240 |
Housing Distribution
Address Breakdown
Residential
2,186
Single Family
2,186
Multi-Family
0
Businesses
118
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Listed by: Christina L Moyer • Classic Properties North Pocono
Mls Name: GSBR
Mls ID: #SC253557