309 Milwaukee AveOld ForgePA18518
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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 Old Forge at 309 Milwaukee Ave, Old Forge, PA, 18518 generates $1,630/mo in rent and, after a $1,116/mo payment, leaves $136/mo in cash flow. Total monthly income is $1,630/mo, and annual cash flow is $1,631/yr on $75,582 invested. Return on cash invested sits at 22.07% in year one, and rental yield is 8.58% on a $228,000 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 114.87% and total cumulative return in cash sums $86,823. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,630/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
7,021 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18518, Old Forge, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,570 (60.8%) |
| Renter Occupied HU | 1,253 (29.6%) |
| Vacant Housing Units | 404 ( 9.6%) |
| Median Home Value | $197,125 |
| Average Home Value | $245,108 |
Housing Distribution
Address Breakdown
Residential
4,012
Single Family
3,982
Multi-Family
30
Businesses
220
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Listed by: N/A • N/A
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