49 Bates 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
Rental property for sale in Honesdale at 49 Bates Rd, Honesdale, PA, 18431 priced at $250,000 converts $2,359/mo rent into $720/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,359/mo, and annual cash flow totals $8,645/yr on $82,875 invested. Return on cash invested prints 30.34% in year one, and rental yield reads 11.32% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 159.29% and total cumulative return in cash sums $132,010. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,359/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1989
1.01 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: John Zuby • Cobblestone Real Estate LLC
Mls Name: GSBR
Mls Provider:
Mls ID: #SC251616
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.