1406-1408 Academy StScrantonPA18504
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
Investment property for sale in Scranton at 1406-1408 Academy St, Scranton, PA, 18504 earns from $1,517/mo rent with a $1,468/mo payment. Total monthly income totals $1,517/mo. ROI tracks 14.5% on current figures, and rental yield reads 6.07% at a $299,995 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,883 over five years. Five-year ROI reaches 74.32% and total cumulative return in cash sums $73,906. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,517/mo property income instead of your personal income.
Multi Family
Built in 1930
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pat Rogan • The Hub Real Estate Group Scranton
Mls Name: GSBR
Mls Provider:
Mls ID: #SC251197
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.