3 Cherry CrstHonesdalePA18431
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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 Honesdale at 3 Cherry Crst, Honesdale, PA, 18431 with 5% annual appreciation on a $525,000 basis while $3,923/mo rent supports operations. Total monthly income totals $3,923/mo and a $2,570/mo payment preserves $482/mo for cash returns. Annual cash flow comes to $5,788/yr on $172,725 deployed, and return on cash invested reaches 23.41% in year one. Equity gained on principal adds $3,388/yr, and five-year appreciation sums $145,048 alongside rental yield of 8.97%. Five-year ROI measures 122.09% and total cumulative return in cash totals $210,873.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,923/mo property income versus a $2,570/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1999
4.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18431, Honesdale, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,892 (100%) |
| Owner Occupied HU | 4,149 (60.2%) |
| Renter Occupied HU | 1,582 (23.0%) |
| Vacant Housing Units | 1,161 (16.8%) |
| Median Home Value | $257,867 |
| Average Home Value | $318,571 |
Housing Distribution
Address Breakdown
Residential
5,828
Single Family
5,731
Multi-Family
97
Businesses
725
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Listed by: William R Phillips • RE/MAX WAYNE
Mls Name: PWAR
Mls ID: #PW253736