624 Main StFreelandPA18224
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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
Investment property for sale in Freeland at 624 Main St, Freeland, PA, 18224 uses $86,157 cash to close to unlock $4,860/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $2,108/mo, and a $1,272/mo payment keeps the spread at $405/mo. Purchase price stands at $259,900, and rental yield measures 9.73% with $2,108/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 133.55% and total cumulative return in cash records $115,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,108/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18224, Freeland, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,199 (100%) |
| Owner Occupied HU | 1,957 (61.2%) |
| Renter Occupied HU | 855 (26.7%) |
| Vacant Housing Units | 387 (12.1%) |
| Median Home Value | $141,635 |
| Average Home Value | $168,710 |
Housing Distribution
Address Breakdown
Residential
2,918
Single Family
2,800
Multi-Family
118
Businesses
132
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Listed by: Anita Reber • Lewith & Freeman, Drums
Mls Name: Luzerne County AOR
Mls ID: #25-3231