615 Pittston AveScrantonPA18505
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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 615 Pittston Ave, Scranton, PA, 18505 priced at $289,000 pairs $2,786/mo rent with $892/mo cash flow after a $1,415/mo payment. Total monthly income equals $2,786/mo, and annual cash flow comes to $10,701/yr on $95,804 invested. Return on cash invested is 31.08% in year one, and rental yield stands at 11.57% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 163.22% and total cumulative return in cash reaches $156,374. For financing, Ziffy Mortgage’s DSCR program evaluates $2,786/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18505, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,001 (100%) |
| Owner Occupied HU | 4,642 (46.4%) |
| Renter Occupied HU | 4,096 (41.0%) |
| Vacant Housing Units | 1,263 (12.6%) |
| Median Home Value | $148,107 |
| Average Home Value | $197,048 |
Housing Distribution
Address Breakdown
Residential
8,824
Single Family
8,120
Multi-Family
704
Businesses
807
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Listed by: Leah Gianacopoulos • ERA One Source Realty
Mls Name: GSBR
Mls ID: #SC254943