804 W Locust StScrantonPA18504
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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 804 W Locust St, Scranton, PA, 18504 offers $1,800/mo rent that, after a $1,311/mo payment, leaves $45/mo cash flow. Total monthly income is $1,800/mo, and annual cash flow is $537/yr on $88,809 cash. Return on cash invested measures 20.51% in year one, and rental yield stands at 8.06% at a $267,900 entry. Equity gained on principal adds $1,729/yr while 5% annual appreciation compounds into $74,016 by year five. Five-year ROI records 106.57% and total cumulative return in cash reaches $94,646. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,800/mo property income versus a $1,311/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18504, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,260 (100%) |
| Owner Occupied HU | 4,767 (46.5%) |
| Renter Occupied HU | 4,024 (39.2%) |
| Vacant Housing Units | 1,469 (14.3%) |
| Median Home Value | $168,363 |
| Average Home Value | $227,392 |
Housing Distribution
Address Breakdown
Residential
8,912
Single Family
8,692
Multi-Family
220
Businesses
463
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Listed by: Karim Amir • Prudent Real Estate Associates
Mls Name: PMAR
Mls Provider:
Mls ID: #PM-120333
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