1311 Summit PointScrantonPA18508
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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 1311 Summit Point, Scranton, PA, 18508 uses $58,013 cash to close to unlock $9,189/yr annual cash flow and $766/mo monthly cash flow. Total monthly income runs $1,913/mo, and a $857/mo payment keeps the spread at $766/mo. Purchase price stands at $175,000, and rental yield measures 13.12% with $1,913/mo rent. Return on cash invested shows 35.75% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 188.27% and total cumulative return in cash records $109,219. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,913/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1962
435.60 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: Robert John Foley • ERA One Source Realty
Mls Name: GSBR
Mls Provider:
Mls ID: #SC4242
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.