322 Bridge StOld ForgePA18518
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Old Forge at 322 Bridge St, Old Forge, PA, 18518 uses $39,780 cash to close to unlock $1,992/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $952/mo, and a $587/mo payment keeps the spread at $166/mo. Purchase price stands at $120,000, and rental yield measures 9.52% with $952/mo rent. Return on cash invested shows 24.92% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 130.12% and total cumulative return in cash records $51,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $952/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1930
3,990 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janine Dutter • Lewith & Freeman, Kingston
Mls Name: Luzerne County AOR
Mls ID: #25-4990