490 Richmond RdBangorPA18013
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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 Bangor at 490 Richmond Rd, Bangor, PA, 18013 priced at $250,000 converts $1,858/mo rent into $219/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,858/mo, and annual cash flow totals $2,633/yr on $82,875 invested. Return on cash invested prints 23.09% in year one, and rental yield reads 8.92% 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 120.38% and total cumulative return in cash sums $99,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,858/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18013, Bangor, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,651 (100%) |
| Owner Occupied HU | 5,365 (70.1%) |
| Renter Occupied HU | 1,793 (23.4%) |
| Vacant Housing Units | 493 ( 6.4%) |
| Median Home Value | $336,344 |
| Average Home Value | $406,523 |
Housing Distribution
Address Breakdown
Residential
7,488
Single Family
7,174
Multi-Family
314
Businesses
370
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Listed by: AJ DePue • Win-Win Realty, Inc.
Mls Name: GLVR
Mls Provider:
Mls ID: #758892
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.