1229-1231 Diamond 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 1229-1231 Diamond Ave, Scranton, PA, 18508 earns $278/mo cash flow from $1,589/mo rent with a $979/mo payment. Total monthly income totals $1,589/mo, and annual cash flow totals $3,340/yr on $66,300 capital. ROI tracks 24.95% on current figures, and rental yield reads 9.53% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 130.38% and total cumulative return in cash sums $86,444. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,589/mo property income instead of your personal income.
Multi Family
Built in 1942
6,969 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: Samantha E. Jankowski • NASSER REAL ESTATE, INC.
Mls Name: GSBR
Mls ID: #SC260080