299 Ridge StHanover TownshipPA18706
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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 Hanover Township at 299 Ridge St, Hanover Township, PA, 18706 with 5% annual appreciation on a $184,500 basis while $1,500/mo rent supports operations. Total monthly income totals $1,500/mo and a $903/mo payment preserves $291/mo for cash returns. Annual cash flow comes to $3,492/yr on $61,162 deployed, and return on cash invested reaches 25.62% in year one. Equity gained on principal adds $1,191/yr, and five-year appreciation sums $50,974 alongside rental yield of 9.76%. Five-year ROI measures 134.01% and total cumulative return in cash totals $81,962.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,500/mo property income versus a $903/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
3,900 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: Holly Nealon • Berkshire Hathaway HomeServices Poggi, REALTORS
Mls Name: Luzerne County AOR
Mls ID: #25-5311