2089 N Main 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 2089 N Main Ave, Scranton, PA, 18508 generates $1,553/mo in rent, after a $1,855/mo payment. Total monthly income is $1,553/mo. Return on cash invested sits at 11.02% in year one, and rental yield is 4.92% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 55.67% and total cumulative return in cash sums $69,947. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,553/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
8,712 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: Colleen A Weissman • Berkshire Hathaway Home Services Preferred Properties
Mls Name: GSBR
Mls ID: #SC253344