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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 39 Essex Ln, Wilkes Barre, PA, 18702 priced at $280,000 converts $1,372/mo rent into after a $1,370/mo obligation. Total monthly income equals $1,372/mo. Return on cash invested prints 13.93% in year one, and rental yield reads 5.88% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 71.27% and total cumulative return in cash sums $66,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,372/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
5,408 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 |
|---|---|---|
| 2025-01-21 | Listed for sale | $280,000 |
| 2023-12-22 | Sold | $103,000 |
| 2023-11-16 | Price change | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $1083.20 | -85.06% | $43,700 | N/A |
| 2022-02-14 | $7251.26 | N/A | $43,700 | N/A |
| 2021-02-14 | $7251.26 | 476.01% | $43,700 | N/A |
Listed by: The Peguero & Placencio Team • Keller Williams Real Estate, Kingston
Mls Name: Luzerne County AOR
Mls ID: #25-309
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.
