2402 Dimmick AveScrantonPA18509
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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 2402 Dimmick Ave, Scranton, PA, 18509 priced at $365,000 converts $1,693/mo rent into after a $1,786/mo obligation. Total monthly income equals $1,693/mo. Return on cash invested prints 12.98% in year one, and rental yield reads 5.57% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 66.19% and total cumulative return in cash sums $80,083. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,693/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Multi Family
Built in 1950
4,356 sqft lot
$N/A/sqft
No HOA
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Listed by: Thomas Gilhooley • ERA One Source Realty
Mls Name: GSBR
Mls Provider:
Mls ID: #SC250502
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.