824 Hemlock 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 824 Hemlock St, Scranton, PA, 18505 with 5% annual appreciation on a $158,000 basis while $1,622/mo rent supports operations. Total monthly income totals $1,622/mo and a $773/mo payment preserves $587/mo for cash returns. Annual cash flow comes to $7,044/yr on $52,377 deployed, and return on cash invested reaches 33.36% in year one. Equity gained on principal adds $1,020/yr, and five-year appreciation sums $43,652 alongside rental yield of 12.32%. Five-year ROI measures 175.42% and total cumulative return in cash totals $91,882.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,622/mo property income versus a $773/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
6,534 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: Ann M Devereaux • CLASSIC PROPERTIES
Mls Name: GSBR
Mls ID: #SC254134