515 Parallel DrScrantonPA18504
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 515 Parallel Dr, Scranton, PA, 18504 in Scranton is listed at $120,000 and delivers $1,115/mo in rent and $329/mo in net monthly cash flow. The 11.15% yield and 2.06 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $33,154 over five years, and $1,105/yr in principal reduction supplements cash return. Total projected cumulative return: $66,801.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 7.2% |
| Monthly Cash Flow | $329 | $450 |
City averages based on Scranton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,115 |
| Total Monthly Debt Service | $739 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
0.68 Acres 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
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
Single Family
Built in 1930
0.68 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ann E Cappellini • REALTY NETWORK GROUP
Mls Name: GSBR
Mls Provider:
Mls ID: #SC252290
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.