581-579 S Franklin StWilkes BarrePA18702
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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
Investment property for sale in Wilkes Barre at 581-579 S Franklin St, Wilkes Barre, PA, 18702 uses $82,875 cash to close to unlock $7,457/yr annual cash flow and $621/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $1,224/mo payment keeps the spread at $621/mo. Purchase price stands at $250,000, and rental yield measures 10.85% with $2,260/mo rent. Return on cash invested shows 28.91% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 151.6% and total cumulative return in cash records $125,638. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A 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
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Listed by: Holly Nealon • Poggi, REALTORS
Mls Name: BHHS broker feed
Mls ID: #25-4045