709-711 Hemlock 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 709-711 Hemlock St, Scranton, PA, 18505 uses $82,842 cash to close to unlock $1,723/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $1,781/mo, and a $1,223/mo payment keeps the spread at $144/mo. Purchase price stands at $249,900, and rental yield measures 8.55% with $1,781/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 114.5% and total cumulative return in cash records $94,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,781/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
0.68 Acres 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: Lizbeth Vaquero • Iron Valley Real Estate Greater Scranton
Mls Name: GSBR
Mls ID: #SC254087