2315 Golden 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 2315 Golden Ave, Scranton, PA, 18508 priced at $144,000 converts $1,087/mo rent into $143/mo cash flow after a $705/mo obligation. Total monthly income equals $1,087/mo, and annual cash flow totals $1,718/yr on $47,736 invested. Return on cash invested prints 23.51% in year one, and rental yield reads 9.06% against a $144,000 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation compiles into $39,785 by year five. Five-year ROI reaches 122.69% and total cumulative return in cash sums $58,566. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,087/mo property income covering a $705/mo payment, not borrower’s personal income.
Single Family
Built in 1930
3,484 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: Jolen Brennan • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls Provider:
Mls ID: #SC250509
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.