1406-1408 Penn AveScrantonPA18509
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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 Scranton at 1406-1408 Penn Ave, Scranton, PA, 18509 listed at $279,000 pairs $3,000/mo rent with a $1,366/mo payment to leave $1,171/mo cash flow. Total monthly income runs $3,000/mo, and annual cash flow reaches $14,056/yr on $92,489 cash to close. Return on cash invested measures 35.11% in year one, and rental yield registers 12.9% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 184.86% and total cumulative return in cash totals $170,971. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
More details about the property
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Listed for sale | $279,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-13 | $3558.48 | N/A | $11,500 | N/A |
| 2023-11-13 | $3558.48 | 113.07% | $11,500 | N/A |
| 2022-11-13 | $1670.11 | N/A | $11,500 | N/A |
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1950
- Architectural Style: N/A
- Building Area: 2,400
- Living Area: 2,400 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas
- Cooling: Ceiling Fan(s)
- Flooring: Carpet, Tile, Laminate
- Interior Features: Eat-in Kitchen
- Exterior Features: Awning(s), Rain Gutters
- Parking Features: Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
What's Special
Attic Storage
Listed by: Danielle Dalessandro • Next Door Real Estate LLC
Mls Name: GSBR
Mls Provider:
Mls ID: #SC5759
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.