1522-1524 Cedar AveScrantonPA18505
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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 1522-1524 Cedar Ave, Scranton, PA, 18505 uses $66,298 cash to close to unlock $5,308/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $1,753/mo, and a $979/mo payment keeps the spread at $442/mo. Purchase price stands at $199,995, and rental yield measures 10.52% with $1,753/mo rent. Return on cash invested shows 27.92% in year one, and 5% annual appreciation builds toward $55,255 over five years. Five-year ROI reaches 146.31% and total cumulative return in cash records $97,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,753/mo property income covering a $979/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
3,049 sqft 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: Pat Rogan • The Hub Real Estate Group Scranton
Mls Name: GSBR
Mls ID: #SC252266