116 Cherry StDunmorePA18512
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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 Dunmore at 116 Cherry St, Dunmore, PA, 18512 offers a 2.94% rental yield on a $530,250 purchase with $1,301/mo rent. 11% in year one. Equity gained on principal adds $3,422/yr while 5% annual appreciation supports $146,498 over five years. Portfolio math shows five-year ROI at 23.94% and total cumulative return in cash at $41,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,301/mo property income against a $2,595/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1929
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18512, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,005 (100%) |
| Owner Occupied HU | 3,479 (57.9%) |
| Renter Occupied HU | 1,902 (31.7%) |
| Vacant Housing Units | 624 (10.4%) |
| Median Home Value | $240,596 |
| Average Home Value | $276,842 |
Housing Distribution
Address Breakdown
Residential
5,607
Single Family
5,552
Multi-Family
55
Businesses
611
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Nearby investment properties with comparable prices
Listed by: Christopher Carr • HomeZu
Mls Name: GSBR
Mls Provider:
Mls ID: #SC253260
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.