380 Old River Rd, Wilkes Barre, PA, 18702 | $431/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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380 Old River Rd, Wilkes Barre, PA, 18702 | $431/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wilkes Barre at 380 Old River Rd, Wilkes Barre, PA, 18702 with 5% annual appreciation on a $279,000 basis while $2,260/mo rent supports operations. Total monthly income totals $2,260/mo and a $1,366/mo payment preserves $431/mo for cash returns. Annual cash flow comes to $5,176/yr on $92,489 deployed, and return on cash invested reaches 25.51% in year one. Equity gained on principal adds $1,800/yr, and five-year appreciation sums $77,083 alongside rental yield of 9.72%. Five-year ROI measures 133.36% and total cumulative return in cash totals $123,343.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,260/mo property income versus a $1,366/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in N/A

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

A rare find!Perfect turnkey multi-unit investment property in Wilkes-Barre! This stately brick side-by-side double block features two spacious units, each fully modernized within the past year. Both units offer forced air heat & central A/C, separate electric, and coin-op washer/dryer hookups. Exterior perks include a private paved driveway and parking for 4-6 vehicles. Currently tenant-occupied and income-producing, this property offers immediate cash flow and minimal overhead. Roof is also approximately only 7 years old, making this a stable addition to any investor's portfolio. Note, one unit is 4 BR, other is legally a 3 BR plus large office due to it not having window.

Neighborhood Data

Neighborhood data shown for ZIP Code: 18702, Wilkes Barre, PA area.

Housing Distribution

Housing Statistics

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