906 Cedar AveScrantonPA18505
Nearby investment properties with comparable rents
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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 906 Cedar Ave, Scranton, PA, 18505 uses $59,670 cash to close to unlock $1,531/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $1,341/mo, and a $881/mo payment keeps the spread at $128/mo. Purchase price stands at $180,000, and rental yield measures 8.94% with $1,341/mo rent. Return on cash invested shows 22.48% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 117.37% and total cumulative return in cash records $70,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,341/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,227 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: Judy Cerra • Berkshire Hathaway Home Services Preferred Properties
Mls Name: GSBR
Mls Provider:
Mls ID: #SC253047
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.