1513-1515 Myrtle StScrantonPA18510
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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
Rental property for sale in Scranton at 1513-1515 Myrtle St, Scranton, PA, 18510 generates $3,349/mo in rent and, after a $1,248/mo payment, leaves $1,678/mo in cash flow. Total monthly income is $3,349/mo, and annual cash flow is $20,137/yr on $84,533 invested. Return on cash invested sits at 43.73% in year one, and rental yield is 15.76% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 231.12% and total cumulative return in cash sums $195,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,349/mo property income rather than buyer’s personal income.
Multi Family
Built in 1935
3,049 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Que V Tran • LUXE Homes Real Estate LLC
Mls Name: GSBR
Mls Provider:
Mls ID: #SC3690
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.