306-308 Cleveland StOlyphantPA18447
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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
Investment property for sale in Olyphant at 306-308 Cleveland St, Olyphant, PA, 18447 uses $61,328 cash to close to unlock $4,167/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $1,559/mo, and a $905/mo payment keeps the spread at $347/mo. Purchase price stands at $185,000, and rental yield measures 10.11% with $1,559/mo rent. Return on cash invested shows 26.7% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 139.81% and total cumulative return in cash records $85,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $905/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
4,486 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18447, Olyphant, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,210 (100%) |
| Owner Occupied HU | 3,326 (63.8%) |
| Renter Occupied HU | 1,412 (27.1%) |
| Vacant Housing Units | 472 ( 9.1%) |
| Median Home Value | $229,085 |
| Average Home Value | $258,260 |
Housing Distribution
Address Breakdown
Residential
4,726
Single Family
4,585
Multi-Family
141
Businesses
368
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Listed by: Ann L Green • Dwell Real Estate - Dunmore Branch Office
Mls Name: GSBR
Mls Provider:
Mls ID: #SC250641
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.