603-605 Bates StScrantonPA18509
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 603-605 Bates St, Scranton, PA, 18509 in Scranton hard to pass up. The 12.39% gross yield on a $159,900 purchase results in $1,651/mo in rent and $597/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.30). Annual cash flow of $7,159, five-year appreciation of $44,177, and $1,473/yr in equity build-up combine for a projected total cumulative return of $99,355.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 7.2% |
| Monthly Cash Flow | $597 | $450 |
City averages based on Scranton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,651 |
| Total Monthly Debt Service | $991 |
| DSCR Ratio | 1.67x |
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.
Multi Family
Built in 1945
5,662 sqft lot
$N/A/sqft
No HOA
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
Multi Family
Built in 1945
5,662 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices