298 W Foothills DrDrumsPA18222
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 Drums at 298 W Foothills Dr, Drums, PA, 18222 priced at $199,900 converts $1,523/mo rent into $214/mo cash flow after a $978/mo obligation. Total monthly income equals $1,523/mo, and annual cash flow totals $2,562/yr on $66,267 invested. Return on cash invested prints 23.78% in year one, and rental yield reads 9.14% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 124.08% and total cumulative return in cash sums $82,225. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,523/mo property income covering a $978/mo payment, not borrower’s personal income.
Manufactured
Built in 1970
5.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18222, Drums, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,237 (100%) |
| Owner Occupied HU | 3,341 (78.9%) |
| Renter Occupied HU | 519 (12.2%) |
| Vacant Housing Units | 377 ( 8.9%) |
| Median Home Value | $276,287 |
| Average Home Value | $294,507 |
Housing Distribution
Address Breakdown
Residential
4,258
Single Family
4,165
Multi-Family
93
Businesses
165
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Pinko • Lewith & Freeman, Drums
Mls Name: Luzerne County AOR
Mls ID: #25-5451