302 School Side DrScrantonPA18512
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 302 School Side Dr, Scranton, PA, 18512 priced at $659,000 pairs $3,127/mo rent with after a $3,225/mo payment. Total monthly income equals $3,127/mo. Return on cash invested is 13.47% in year one, and rental yield stands at 5.69% on a $659,000 basis. Equity gained on principal adds $4,252/yr, and 5% annual appreciation accumulates to $182,070 by year five. Five-year ROI measures 68.77% and total cumulative return in cash reaches $149,095. For financing, Ziffy Mortgage’s DSCR program evaluates $3,127/mo property income against a $3,225/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18512, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,005 (100%) |
| Owner Occupied HU | 3,479 (57.9%) |
| Renter Occupied HU | 1,902 (31.7%) |
| Vacant Housing Units | 624 (10.4%) |
| Median Home Value | $240,596 |
| Average Home Value | $276,842 |
Housing Distribution
Address Breakdown
Residential
5,607
Single Family
5,552
Multi-Family
55
Businesses
611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James W. Gilhooley • C21 Jack Ruddy Real Estate
Mls Name: GSBR
Mls ID: #SC253430