603 High StHonesdalePA18431
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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 Honesdale at 603 High St, Honesdale, PA, 18431 priced at $224,900 converts $1,511/mo rent into $37/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,511/mo, and annual cash flow totals $444/yr on $74,554 invested. Return on cash invested prints 20.51% in year one, and rental yield reads 8.06% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 106.59% and total cumulative return in cash sums $79,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,511/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1879
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18431, Honesdale, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,892 (100%) |
| Owner Occupied HU | 4,149 (60.2%) |
| Renter Occupied HU | 1,582 (23.0%) |
| Vacant Housing Units | 1,161 (16.8%) |
| Median Home Value | $257,867 |
| Average Home Value | $318,571 |
Housing Distribution
Address Breakdown
Residential
5,828
Single Family
5,731
Multi-Family
97
Businesses
725
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Listed by: Elena Nouri • Davis R. Chant Honesdale
Mls Name: PWAR
Mls Provider:
Mls ID: #PW250747
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.