1107 Summit PointScrantonPA18508
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
Investment property for sale in Scranton at 1107 Summit Point, Scranton, PA, 18508 listed at $129,000 pairs $1,508/mo rent with a $631/mo payment to leave $663/mo cash flow. Total monthly income runs $1,508/mo, and annual cash flow reaches $7,957/yr on $42,764 cash to close. Return on cash invested measures 38.52% in year one, and rental yield registers 14.03% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 203.19% and total cumulative return in cash totals $86,893. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,508/mo property income relative to a $631/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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ann E Cappellini • REALTY NETWORK GROUP
Mls Name: GSBR
Mls ID: #SC253550