51 Plank StPittstonPA18640
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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
Investment property for sale in Pittston at 51 Plank St, Pittston, PA, 18640 offers a 12.36% rental yield on a $175,000 purchase with $1,803/mo rent. Total monthly income registers $1,803/mo, and a $857/mo payment leaves $656/mo available for distribution. Annual cash flow reaches $7,869/yr on $58,013 to close, and return on cash invested stands at 33.47% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 176.06% and total cumulative return in cash at $102,139. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,803/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18640, Pittston, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,507 (100%) |
| Owner Occupied HU | 4,971 (58.4%) |
| Renter Occupied HU | 2,557 (30.1%) |
| Vacant Housing Units | 979 (11.5%) |
| Median Home Value | $213,752 |
| Average Home Value | $242,796 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,327
Multi-Family
509
Businesses
756
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Listed by: The Patrick and Janine Mascia Team • Keller Williams Real Estate-Clarks Summit
Mls Name: GSBR
Mls ID: #SC253304