1008 Mount Vernon AveScrantonPA18508
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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
Investment property for sale in Scranton at 1008 Mount Vernon Ave, Scranton, PA, 18508 uses $57,847 cash to close to unlock $4,711/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $1,536/mo, and a $854/mo payment keeps the spread at $393/mo. Purchase price stands at $174,500, and rental yield measures 10.56% with $1,536/mo rent. Return on cash invested shows 28.05% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 147.03% and total cumulative return in cash records $85,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,536/mo property income covering a $854/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18508, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,451 (100%) |
| Owner Occupied HU | 2,511 (46.1%) |
| Renter Occupied HU | 2,224 (40.8%) |
| Vacant Housing Units | 716 (13.1%) |
| Median Home Value | $153,247 |
| Average Home Value | $203,842 |
Housing Distribution
Address Breakdown
Residential
5,069
Single Family
4,518
Multi-Family
551
Businesses
545
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Listed by: Lizbeth Vaquero • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls ID: #SC256172