765 Elk Lake DrWaymartPA18472
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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 Waymart at 765 Elk Lake Dr, Waymart, PA, 18472 generates $1,352/mo in rent and, after a $979/mo payment, leaves $41/mo in cash flow. Total monthly income is $1,352/mo, and annual cash flow is $496/yr on $66,300 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 8.11% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 107.36% and total cumulative return in cash sums $71,180. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,352/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18472, Waymart, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,258 (100%) |
| Owner Occupied HU | 1,314 (58.2%) |
| Renter Occupied HU | 381 (16.9%) |
| Vacant Housing Units | 563 (24.9%) |
| Median Home Value | $270,977 |
| Average Home Value | $334,416 |
Housing Distribution
Address Breakdown
Residential
1,683
Single Family
1,653
Multi-Family
30
Businesses
124
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Listed by: David S Good • RE/MAX WAYNE
Mls Name: PWAR
Mls ID: #PW252795