618 Alder StScrantonPA18505
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 Scranton at 618 Alder St, Scranton, PA, 18505 at $178,000 posts ROI 57.22% with $1,835/mo cash flow from $3,001/mo rent. Total monthly income equals $3,001/mo, and annual cash flow records $22,018/yr on $59,007 to close. Return on cash invested measures 57.22% and rental yield reads 20.23% at the current $178,000. Equity gained on principal adds $1,149/yr, and 5% annual appreciation supports $49,178 by year five. Five-year ROI prints 303.42% and total cumulative return in cash totals $179,041.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,001/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
4,356 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: Catherine Burns-McDermott • EXP Realty LLC
Mls Name: GSBR
Mls ID: #SC255076