88 New StPittstonPA18640
Nearby investment properties with comparable rents
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 Pittston at 88 New St, Pittston, PA, 18640 priced at $210,000 converts $2,479/mo rent into $1,103/mo cash flow after a $1,028/mo obligation. Total monthly income equals $2,479/mo, and annual cash flow totals $13,233/yr on $69,615 invested. Return on cash invested prints 38.92% in year one, and rental yield reads 14.17% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 205.29% and total cumulative return in cash sums $142,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,479/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in N/A
9,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18640, Pittston, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,507 (100%) |
| Owner Occupied HU | 4,971 (58.4%) |
| Renter Occupied HU | 2,557 (30.1%) |
| Vacant Housing Units | 979 (11.5%) |
| Median Home Value | $213,752 |
| Average Home Value | $242,796 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,327
Multi-Family
509
Businesses
756
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Listed by: Nikki Callahan • Lewith & Freeman, Kingston
Mls Name: Luzerne County AOR
Mls ID: #24-4508
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.