781 Ridge 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 781 Ridge St, Honesdale, PA, 18431 offers $1,855/mo rent that, after a $759/mo payment, leaves $805/mo cash flow. Total monthly income is $1,855/mo, and annual cash flow is $9,661/yr on $51,383 cash. Return on cash invested measures 38.71% in year one, and rental yield stands at 14.36% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 204.54% and total cumulative return in cash reaches $105,100. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,855/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
8,276 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: Stephen Langendoerfer • RE/MAX WAYNE
Mls Name: PWAR
Mls Provider:
Mls ID: #PW240077
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.