344 Ridge St #346KingstonPA18704
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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 Kingston at 344 Ridge St #346, Kingston, PA, 18704 offers a 7.88% rental yield on a $295,000 purchase with $1,936/mo rent. Total monthly income registers $1,936/mo, and a $1,444/mo payment leaves $3/mo available for distribution. Annual cash flow reaches $33/yr on $97,793 to close, and return on cash invested stands at 19.94% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 103.51% and total cumulative return in cash at $101,222. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,936/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
1,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18704, Kingston, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,612 (100%) |
| Owner Occupied HU | 8,304 (53.2%) |
| Renter Occupied HU | 5,805 (37.2%) |
| Vacant Housing Units | 1,503 ( 9.6%) |
| Median Home Value | $186,091 |
| Average Home Value | $218,731 |
Housing Distribution
Address Breakdown
Residential
14,509
Single Family
13,233
Multi-Family
1,276
Businesses
1,289
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Listed by: Jill Dudick • Lewith & Freeman, Kingston
Mls Name: Luzerne County AOR
Mls ID: #25-2631
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.