607 Washington StPortlandPA18343
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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 Portland at 607 Washington St, Portland, PA, 18343 priced at $239,000 pairs $2,125/mo rent with $559/mo cash flow after a $1,170/mo payment. Total monthly income equals $2,125/mo, and annual cash flow comes to $6,704/yr on $79,229 invested. Return on cash invested is 28.37% in year one, and rental yield stands at 10.67% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 148.69% and total cumulative return in cash reaches $117,804. For financing, Ziffy Mortgage’s DSCR program evaluates $2,125/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1880
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18343, Mount Bethel, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,866 (100%) |
| Owner Occupied HU | 1,386 (74.3%) |
| Renter Occupied HU | 322 (17.3%) |
| Vacant Housing Units | 158 ( 8.5%) |
| Median Home Value | $402,933 |
| Average Home Value | $432,623 |
Housing Distribution
Address Breakdown
Residential
1,676
Single Family
1,676
Multi-Family
0
Businesses
128
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Listed by: Xander Weidenbaum • Redstone Run Realty
Mls Name: GLVR
Mls Provider:
Mls ID: #743957
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.