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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wilkes Barre at 356 S River St, Wilkes Barre, PA, 18702 offers $1,879/mo rent that, after a $1,366/mo payment, leaves $50/mo cash flow. Total monthly income is $1,879/mo, and annual cash flow is $604/yr on $92,489 cash. Return on cash invested measures 20.56% in year one, and rental yield stands at 8.08% at a $279,000 entry. Equity gained on principal adds $1,800/yr while 5% annual appreciation compounds into $77,083 by year five. Five-year ROI records 106.85% and total cumulative return in cash reaches $98,827. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,879/mo property income versus a $1,366/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 18702, Wilkes Barre, PA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,946 (100%) |
| Owner Occupied HU | 9,120 (45.7%) |
| Renter Occupied HU | 8,214 (41.2%) |
| Vacant Housing Units | 2,612 (13.1%) |
| Median Home Value | $141,753 |
| Average Home Value | $186,249 |
Residential
17,771
Single Family
16,005
Multi-Family
1,766
Businesses
1,484
Date | Event | Price |
|---|---|---|
| 2025-02-13 | Price change | $279,000 |
| 2025-01-29 | Listed for sale | $284,000 |
| 2024-12-19 | Pending sale | $284,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $2896.08 | -86.57% | $130,000 | N/A |
| 2022-02-14 | $21571.26 | N/A | $130,000 | N/A |
| 2021-02-14 | $21571.26 | 476.01% | $130,000 | N/A |
What's Special
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Listed by: Brady Joel Funkhouser • Revolve Real Estate
Mls Name: GSBR
Mls Provider:
Mls ID: #SC6046
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.
