304 Drinker TpkeCovington 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 304 Drinker Tpke, Covington Township, PA, 18424 priced at $625,000 converts $1,940/mo rent into after a $3,059/mo obligation. Total monthly income equals $1,940/mo. Return on cash invested prints 7.48% in year one, and rental yield reads 3.72% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 36.65% and total cumulative return in cash sums $75,361. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Multi Family
Built in 1987
1.93 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: Trixie Ciranni • Pocono Properties Rentals & Sales
Mls Name: PMAR
Mls ID: #PM-136015