347 Orchard StOld 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
Total monthly income runs $1,230/mo, and a $1,664/mo payment. Purchase price stands at $339,900, and rental yield measures 4.34% with $1,230/mo rent. Return on cash invested shows 9.28% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 46.37% and total cumulative return in cash records $52,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,230/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Multi Family
Built in 1960
0.43 Acres 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: Leah Gianacopoulos • ERA One Source Realty
Mls Name: GSBR
Mls Provider:
Mls ID: #SC251580
Disclaimer: Information provided by the Greater Scranton Board of REALTORS MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.