640 Fairview RdClarks SummitPA18411
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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
Investment property for sale in Clarks Summit at 640 Fairview Rd, Clarks Summit, PA, 18411 uses $155,805 cash to close to unlock $9,691/yr annual cash flow and $808/mo monthly cash flow. Total monthly income runs $3,887/mo, and a $2,300/mo payment keeps the spread at $808/mo. Purchase price stands at $470,000, and rental yield measures 9.92% with $3,887/mo rent. Return on cash invested shows 26.13% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 136.68% and total cumulative return in cash records $212,949. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,887/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.35 Acres 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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Listed by: Thomas Gilhooley • ERA One Source Realty
Mls Name: GSBR
Mls Provider:
Mls ID: #SC251403
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.