1742-1744 Wayne AveScrantonPA18508
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 1742-1744 Wayne Ave, Scranton, PA, 18508 earns $618/mo cash flow from $1,788/mo rent with a $857/mo payment. Total monthly income totals $1,788/mo, and annual cash flow totals $7,415/yr on $58,013 capital. ROI tracks 32.69% on current figures, and rental yield reads 12.26% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 172.03% and total cumulative return in cash sums $99,799. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,788/mo property income instead of your personal income.
Multi Family
Built in 1930
3,920 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: Judy Cerra • Berkshire Hathaway Home Services Preferred Properties
Mls Name: GSBR
Mls Provider:
Mls ID: #SC254335
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.