509 Edith StOld ForgePA18518
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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 Old Forge at 509 Edith St, Old Forge, PA, 18518 priced at $199,900 converts $2,549/mo rent into $1,240/mo cash flow after a $978/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $14,874/yr on $66,267 invested. Return on cash invested prints 42.35% in year one, and rental yield reads 15.3% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 223.71% and total cumulative return in cash sums $148,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1955
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18518, Old Forge, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,570 (60.8%) |
| Renter Occupied HU | 1,253 (29.6%) |
| Vacant Housing Units | 404 ( 9.6%) |
| Median Home Value | $197,125 |
| Average Home Value | $245,108 |
Housing Distribution
Address Breakdown
Residential
4,012
Single Family
3,982
Multi-Family
30
Businesses
220
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Listed by: Maria Muchal Berta • REALTY NETWORK GROUP
Mls Name: GSBR
Mls Provider:
Mls ID: #SC4305
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.