115 Morris AveScrantonPA18504
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 Scranton at 115 Morris Ave, Scranton, PA, 18504 priced at $145,000 converts $1,156/mo rent into $206/mo cash flow after a $710/mo obligation. Total monthly income equals $1,156/mo, and annual cash flow totals $2,466/yr on $48,068 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 9.57% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 130.88% and total cumulative return in cash sums $62,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,156/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1920
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18504, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,260 (100%) |
| Owner Occupied HU | 4,767 (46.5%) |
| Renter Occupied HU | 4,024 (39.2%) |
| Vacant Housing Units | 1,469 (14.3%) |
| Median Home Value | $168,363 |
| Average Home Value | $227,392 |
Housing Distribution
Address Breakdown
Residential
8,912
Single Family
8,692
Multi-Family
220
Businesses
463
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Nearby investment properties with comparable prices
Listed by: The Bill Chupko Team • Keller Williams Real Estate-Clarks Summit
Mls Name: GSBR
Mls Provider:
Mls ID: #SC251841
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.