1708 Summit PointeScrantonPA18508
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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 1708 Summit Pointe, Scranton, PA, 18508 offers a 16.93% rental yield on a $130,000 purchase with $1,834/mo rent. Total monthly income registers $1,834/mo, and a $636/mo payment leaves $982/mo available for distribution. Annual cash flow reaches $11,789/yr on $43,095 to close, and return on cash invested stands at 47.26% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 250.09% and total cumulative return in cash at $107,775. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,834/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18508, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,451 (100%) |
| Owner Occupied HU | 2,511 (46.1%) |
| Renter Occupied HU | 2,224 (40.8%) |
| Vacant Housing Units | 716 (13.1%) |
| Median Home Value | $153,247 |
| Average Home Value | $203,842 |
Housing Distribution
Address Breakdown
Residential
5,069
Single Family
4,518
Multi-Family
551
Businesses
545
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Listed by: PAMELA CADMAN-ROMALDINI • Coldwell Banker Town & Country Properties
Mls Name: GSBR
Mls Provider:
Mls ID: #SC4691
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.