394 Dennis RdHonesdalePA18431
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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 Honesdale at 394 Dennis Rd, Honesdale, PA, 18431 uses $87,848 cash to close to unlock $6,078/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $2,243/mo, and a $1,297/mo payment keeps the spread at $507/mo. Purchase price stands at $265,000, and rental yield measures 10.16% with $2,243/mo rent. Return on cash invested shows 26.83% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 140.46% and total cumulative return in cash records $123,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,243/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1879
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18431, Honesdale, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,892 (100%) |
| Owner Occupied HU | 4,149 (60.2%) |
| Renter Occupied HU | 1,582 (23.0%) |
| Vacant Housing Units | 1,161 (16.8%) |
| Median Home Value | $257,867 |
| Average Home Value | $318,571 |
Housing Distribution
Address Breakdown
Residential
5,828
Single Family
5,731
Multi-Family
97
Businesses
725
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Listed by: Sue Menotti • Davis R. Chant - Honesdale
Mls Name: PWAR
Mls ID: #PW253082