60-62 Luzerne StWilkes BarrePA18706
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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 Wilkes Barre at 60-62 Luzerne St, Wilkes Barre, PA, 18706 priced at $214,900 converts $1,160/mo rent into after a $1,052/mo obligation. Total monthly income equals $1,160/mo. Return on cash invested prints 15.73% in year one, and rental yield reads 6.48% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 80.91% and total cumulative return in cash sums $57,642. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,160/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18706, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,885 (58.7%) |
| Renter Occupied HU | 2,498 (30.0%) |
| Vacant Housing Units | 934 (11.2%) |
| Median Home Value | $158,203 |
| Average Home Value | $185,666 |
Housing Distribution
Address Breakdown
Residential
7,615
Single Family
7,399
Multi-Family
216
Businesses
415
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Listed by: Melo Carrasco • Axel Property Management LLC
Mls Name: GLVR
Mls ID: #768907