3 Ledge CtPittstonPA18640
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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 Pittston at 3 Ledge Ct, Pittston, PA, 18640 generates $2,976/mo in rent and, after a $2,080/mo payment, leaves $191/mo in cash flow. Total monthly income is $2,976/mo, and annual cash flow is $2,295/yr on $140,888 invested. Return on cash invested sits at 21.54% in year one, and rental yield is 8.4% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 112.08% and total cumulative return in cash sums $157,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,976/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18640, Pittston, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,507 (100%) |
| Owner Occupied HU | 4,971 (58.4%) |
| Renter Occupied HU | 2,557 (30.1%) |
| Vacant Housing Units | 979 (11.5%) |
| Median Home Value | $213,752 |
| Average Home Value | $242,796 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,327
Multi-Family
509
Businesses
756
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Listed by: Zachary Conway • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls ID: #SC254217