1816 Bloom 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
Rental property for sale in Scranton at 1816 Bloom Ave, Scranton, PA, 18508 generates $1,468/mo in rent and, after a $734/mo payment, leaves $485/mo in cash flow. Total monthly income is $1,468/mo, and annual cash flow is $5,823/yr on $49,725 invested. Return on cash invested sits at 31.62% in year one, and rental yield is 11.74% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 166.21% and total cumulative return in cash sums $82,650. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,468/mo property income rather than buyer’s personal income.
Single 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: Kristin Baun • C21 Jack Ruddy Real Estate
Mls Name: GSBR
Mls ID: #SC253489