830 Ridge 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
Rental property for sale in Freeland at 830 Ridge St, Freeland, PA, 18224 priced at $149,999 converts $1,150/mo rent into $167/mo cash flow after a $734/mo obligation. Total monthly income equals $1,150/mo, and annual cash flow totals $2,007/yr on $49,725 invested. Return on cash invested prints 23.95% in year one, and rental yield reads 9.2% against a $149,999 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 125.04% and total cumulative return in cash sums $62,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,150/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,384 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: Manuel Carrasco • Pecora Realtor, P.C.
Mls Name: Luzerne County AOR
Mls ID: #25-2850