720 Cherry StScrantonPA18505
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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 Scranton at 720 Cherry St, Scranton, PA, 18505 listed at $243,000 pairs $1,741/mo rent with a $1,189/mo payment to leave $149/mo cash flow. Total monthly income runs $1,741/mo, and annual cash flow reaches $1,788/yr on $80,555 cash to close. Return on cash invested measures 22.13% in year one, and rental yield registers 8.6% at a $243,000 basis. Equity gained on principal adds $1,568/yr, and annual property appreciation at 5% supports $67,136 by year five. Five-year ROI tracks 115.28% and total cumulative return in cash totals $92,864. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,741/mo property income relative to a $1,189/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1925
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: Jacqueline McDonnell Albrecht • Pocono Properties Rentals & Sales
Mls Name: PMAR
Mls Provider:
Mls ID: #PM-119905
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