314 W Market StScrantonPA18508
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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 W Market St, Scranton, PA, 18508 priced at $759,000 converts $1,579/mo rent into after a $3,715/mo obligation. Total monthly income equals $1,579/mo. Return on cash invested prints 3.75% in year one, and rental yield reads 2.5% against a $759,000 entry. Equity gained on principal adds $4,898/yr, while 5% annual appreciation compiles into $209,698 by year five. Five-year ROI reaches 16.63% and total cumulative return in cash sums $41,519. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,579/mo property income covering a $3,715/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
8,200 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: Candice Nulton-Farrell • eXp Realty- Scranton/Wilkes-Barre
Mls Name: Luzerne County AOR
Mls ID: #25-5206