59 Bowman StWilkes 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
Rental property for sale in Wilkes Barre at 59 Bowman St, Wilkes Barre, PA, 18702 priced at $178,000 converts $1,696/mo rent into $530/mo cash flow after a $871/mo obligation. Total monthly income equals $1,696/mo, and annual cash flow totals $6,358/yr on $59,007 invested. Return on cash invested prints 30.68% in year one, and rental yield reads 11.43% against a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation compiles into $49,178 by year five. Five-year ROI reaches 161.09% and total cumulative return in cash sums $95,053. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,696/mo property income covering a $871/mo payment, not borrower’s personal income.
Single Family
Built in 1932
3,049 sqft 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: Raysa G Adames • Iron Valley Real Estate - Coal Region
Mls Name: PMAR
Mls ID: #PM-136437