8 Frank StHanover TownshipPA18706
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Nearby investment properties with comparable prices
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 Hanover Township at 8 Frank St, Hanover Township, PA, 18706 priced at $219,900 converts $2,036/mo rent into $595/mo cash flow after a $1,076/mo obligation. Total monthly income equals $2,036/mo, and annual cash flow totals $7,144/yr on $72,897 invested. Return on cash invested prints 29.71% in year one, and rental yield reads 11.11% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 155.9% and total cumulative return in cash sums $113,644. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,036/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18706, Wilkes Barre, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,317 (100%) |
| Owner Occupied HU | 4,885 (58.7%) |
| Renter Occupied HU | 2,498 (30.0%) |
| Vacant Housing Units | 934 (11.2%) |
| Median Home Value | $158,203 |
| Average Home Value | $185,666 |
Housing Distribution
Address Breakdown
Residential
7,615
Single Family
7,399
Multi-Family
216
Businesses
415
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Listed by: Pamela McGovern • Classic Properties - Mountaintop
Mls Name: Luzerne County AOR
Mls ID: #25-5702