416 Washington StFreelandPA18224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Freeland at 416 Washington St, Freeland, PA, 18224 priced at $185,000 pairs $1,456/mo rent with $244/mo cash flow after a $905/mo payment. Total monthly income equals $1,456/mo, and annual cash flow comes to $2,931/yr on $61,328 invested. Return on cash invested is 24.69% in year one, and rental yield stands at 9.44% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 129.01% and total cumulative return in cash reaches $79,119. For financing, Ziffy Mortgage’s DSCR program evaluates $1,456/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1950
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18224, Freeland, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,199 (100%) |
| Owner Occupied HU | 1,957 (61.2%) |
| Renter Occupied HU | 855 (26.7%) |
| Vacant Housing Units | 387 (12.1%) |
| Median Home Value | $141,635 |
| Average Home Value | $168,710 |
Housing Distribution
Address Breakdown
Residential
2,918
Single Family
2,800
Multi-Family
118
Businesses
132
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Nearby investment properties with comparable prices
Listed by: Noah John Donahue • Nisk Real Estate
Mls Name: GSBR
Mls Provider:
Mls ID: #SC5664
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.