70 Prospect St, Wilkes Barre, PA, 18702 | 6.49% Rental Yield

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70 Prospect St, Wilkes Barre, PA, 18702 | 6.49% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wilkes Barre at 70 Prospect St, Wilkes Barre, PA, 18702 offers $1,616/mo rent that, after a $1,463/mo payment. Total monthly income is $1,616/mo. Return on cash invested measures 15.76% in year one, and rental yield stands at 6.49% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 81.1% and total cumulative return in cash reaches $80,386. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,616/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1940

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 70-72 Prospect Street, a well-maintained multi-unit investment property in the heart of the resurgent city of Wilkes-Barre. This two-unit building has been thoughtfully updated inside and out, offering modern appeal for both investors and tenants alike.Each unit has been refreshed with new bathrooms, luxury vinyl tile flooring, updated appliances, and fresh interior paint, providing a clean and living space. The exterior has also received significant upgrades, including a full exterior paint job and a new roof installed just last year, ensuring peace of mind for years to come.Both tenants are currently on a month-to-month lease and pay all utilities, making this a flexible opportunity for investors seeking either immediate rental income or the potential for future owner-occupancy.Located in the vibrant city of Wilkes-Barre, this property benefits from the area's ongoing revitalization. With local universities, healthcare facilities, cultural attractions, and a growing dining and entertainment scene, Wilkes-Barre continues to attract new residents and investment. Its convenient access to major highways also makes it an appealing hub for commuters and renters alike.Whether you are looking to expand your rental portfolio or secure a property in a thriving community, 70-72 Prospect Street is a smart choice.📍 Key Features:Two-unit multi-family propertyEach unit updated with modern finishesNew bathrooms, LVT flooring, and appliancesEntire interior freshly paintedExterior repainted with new roof (2024)Tenants pay all utilities, month-to-month leasesConvenient Wilkes-Barre location near amenities, schools, and transportation

Neighborhood Data

Neighborhood data shown for ZIP Code: 18702, Wilkes Barre, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,946 (100%)
Owner Occupied HU	9,120 (45.7%)
Renter Occupied HU	8,214 (41.2%)
Vacant Housing Units	2,612 (13.1%)
Median Home Value	$141,753
Average Home Value	$186,249