231 Gaston PlScrantonPA18508
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 231 Gaston Pl, Scranton, PA, 18508 offers $1,356/mo rent that, after a $871/mo payment, leaves $190/mo cash flow. Total monthly income is $1,356/mo, and annual cash flow is $2,278/yr on $59,007 cash. Return on cash invested measures 23.77% in year one, and rental yield stands at 9.14% at a $178,000 entry. Equity gained on principal adds $1,149/yr while 5% annual appreciation compounds into $49,178 by year five. Five-year ROI records 124.01% and total cumulative return in cash reaches $73,177. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,356/mo property income versus a $871/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Golden • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls ID: #SC254518