314 N Garfield AveScrantonPA18504
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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 314 N Garfield Ave, Scranton, PA, 18504 priced at $230,000 converts $2,107/mo rent into $600/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,107/mo, and annual cash flow totals $7,195/yr on $76,245 invested. Return on cash invested prints 29.35% in year one, and rental yield reads 10.99% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 153.95% and total cumulative return in cash sums $117,379. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,107/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1935
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18504, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,260 (100%) |
| Owner Occupied HU | 4,767 (46.5%) |
| Renter Occupied HU | 4,024 (39.2%) |
| Vacant Housing Units | 1,469 (14.3%) |
| Median Home Value | $168,363 |
| Average Home Value | $227,392 |
Housing Distribution
Address Breakdown
Residential
8,912
Single Family
8,692
Multi-Family
220
Businesses
463
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Listed by: Rosanyelis Fernandez • Keller Williams Real Estate, Kingston
Mls Name: Luzerne County AOR
Mls ID: #24-5860
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