1332 E Elm StScrantonPA18505
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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 1332 E Elm St, Scranton, PA, 18505 offers a 8.12% rental yield on a $275,000 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $1,346/mo payment leaves $58/mo available for distribution. Annual cash flow reaches $696/yr on $91,163 to close, and return on cash invested stands at 20.67% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 107.39% and total cumulative return in cash at $97,895. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18505, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,001 (100%) |
| Owner Occupied HU | 4,642 (46.4%) |
| Renter Occupied HU | 4,096 (41.0%) |
| Vacant Housing Units | 1,263 (12.6%) |
| Median Home Value | $148,107 |
| Average Home Value | $197,048 |
Housing Distribution
Address Breakdown
Residential
8,824
Single Family
8,120
Multi-Family
704
Businesses
807
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Listed by: RUTH K HOLLANDER • CLASSIC PROPERTIES
Mls Name: GSBR
Mls ID: #SC255481