2006 Wayne AveScrantonPA18508
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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
Rental property for sale in Scranton at 2006 Wayne Ave, Scranton, PA, 18508 generates $1,684/mo in rent and, after a $979/mo payment, leaves $323/mo in cash flow. Total monthly income is $1,684/mo, and annual cash flow is $3,876/yr on $66,300 invested. Return on cash invested sits at 25.76% in year one, and rental yield is 10.1% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 134.98% and total cumulative return in cash sums $89,492. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,684/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
5,662 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: Jennifer Golden • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls Provider:
Mls ID: #SC253858
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.