56 Riverside DrWilkes BarrePA18702
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
Investment property for sale in Wilkes Barre at 56 Riverside Dr, Wilkes Barre, PA, 18702 with 5% annual appreciation on a $329,900 basis while $2,238/mo rent supports operations. Total monthly income totals $2,238/mo and a $1,615/mo payment preserves $76/mo for cash returns. Annual cash flow comes to $911/yr on $109,362 deployed, and return on cash invested reaches 20.74% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 8.14%. Five-year ROI measures 107.77% and total cumulative return in cash totals $117,855.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,238/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18702, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,946 (100%) |
| Owner Occupied HU | 9,120 (45.7%) |
| Renter Occupied HU | 8,214 (41.2%) |
| Vacant Housing Units | 2,612 (13.1%) |
| Median Home Value | $141,753 |
| Average Home Value | $186,249 |
Housing Distribution
Address Breakdown
Residential
17,771
Single Family
16,005
Multi-Family
1,766
Businesses
1,484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Leighton • C. A. Leighton Company Inc
Mls Name: Luzerne County AOR
Mls ID: #25-3365