1102 Summit PointScrantonPA18508
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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
Investment property for sale in Scranton at 1102 Summit Point, Scranton, PA, 18508 listed at $144,995 pairs $1,508/mo rent with a $710/mo payment to leave $558/mo cash flow. Total monthly income runs $1,508/mo, and annual cash flow reaches $6,691/yr on $48,066 cash to close. Return on cash invested measures 33.83% in year one, and rental yield registers 12.48% at a $144,995 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,059 by year five. Five-year ROI tracks 177.99% and total cumulative return in cash totals $85,555. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,508/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
N/A 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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Nearby investment properties with comparable prices
Listed by: Pat Rogan • The Hub Real Estate Group Scranton
Mls Name: GSBR
Mls Provider:
Mls ID: #SC5049
Disclaimer: Information provided by the Greater Scranton Board of REALTORS MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.