505 Main AveClarks SummitPA18411
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
Investment property for sale in Clarks Summit at 505 Main Ave, Clarks Summit, PA, 18411 at $385,000 posts ROI 20.11% with $22/mo cash flow from $2,544/mo rent. Total monthly income equals $2,544/mo, and annual cash flow records $258/yr on $127,628 to close. Return on cash invested measures 20.11% and rental yield reads 7.93% at the current $385,000. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 by year five. Five-year ROI prints 104.41% and total cumulative return in cash totals $133,258.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,544/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1919
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18411, Clarks Summit, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,595 (100%) |
| Owner Occupied HU | 7,117 (74.2%) |
| Renter Occupied HU | 1,817 (18.9%) |
| Vacant Housing Units | 661 ( 6.9%) |
| Median Home Value | $313,873 |
| Average Home Value | $364,861 |
Housing Distribution
Address Breakdown
Residential
9,456
Single Family
9,073
Multi-Family
383
Businesses
674
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Nearby investment properties with comparable prices
Listed by: Linda Brodbeck • Coldwell Banker Town & Country Properties
Mls Name: GSBR
Mls Provider:
Mls ID: #SC251873
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.