602 Milwaukee AveOld ForgePA18518
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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 Old Forge at 602 Milwaukee Ave, Old Forge, PA, 18518 priced at $318,500 converts $1,560/mo rent into after a $1,559/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 13.92% in year one, and rental yield reads 5.88% against a $318,500 entry. Equity gained on principal adds $2,055/yr, while 5% annual appreciation compiles into $87,996 by year five. Five-year ROI reaches 71.19% and total cumulative return in cash sums $75,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,559/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18518, Old Forge, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,227 (100%) |
| Owner Occupied HU | 2,570 (60.8%) |
| Renter Occupied HU | 1,253 (29.6%) |
| Vacant Housing Units | 404 ( 9.6%) |
| Median Home Value | $197,125 |
| Average Home Value | $245,108 |
Housing Distribution
Address Breakdown
Residential
4,012
Single Family
3,982
Multi-Family
30
Businesses
220
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Listed by: Marilee Barone • Christian Saunders Real Estate
Mls Name: PWAR
Mls ID: #PW252940