215 Lake Scranton RdScrantonPA18505
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 215 Lake Scranton Rd, Scranton, PA, 18505 generates $2,636/mo in rent and, after a $1,835/mo payment, leaves $179/mo in cash flow. Total monthly income is $2,636/mo, and annual cash flow is $2,149/yr on $124,313 invested. Return on cash invested sits at 21.64% in year one, and rental yield is 8.44% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 112.62% and total cumulative return in cash sums $140,007. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,636/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18505, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,001 (100%) |
| Owner Occupied HU | 4,642 (46.4%) |
| Renter Occupied HU | 4,096 (41.0%) |
| Vacant Housing Units | 1,263 (12.6%) |
| Median Home Value | $148,107 |
| Average Home Value | $197,048 |
Housing Distribution
Address Breakdown
Residential
8,824
Single Family
8,120
Multi-Family
704
Businesses
807
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Scrimalli • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls ID: #SC255460