60-62 Luzerne StWilkes BarrePA18706
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.5% yield at 60-62 Luzerne St, Wilkes Barre, PA, 18706 in Wilkes Barre is solid, but the $966/mo payment compresses net cash flow to $113/mo at $214,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $59,373 by year five, and $1,979/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.58) without U.S. income documentation. Total projected return: $89,180.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.8% |
| Monthly Cash Flow | $113 | $450 |
City averages based on Wilkes Barre market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,522 |
| Total Monthly Debt Service | $1,323 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melo Carrasco • Axel Property Management LLC
Mls Name: GLVR
Mls ID: #768907