940 Monroe AveScrantonPA18510
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
Rental property for sale in Scranton at 940 Monroe Ave, Scranton, PA, 18510 priced at $230,000 converts $2,223/mo rent into $716/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,223/mo, and annual cash flow totals $8,587/yr on $76,245 invested. Return on cash invested prints 31.17% in year one, and rental yield reads 11.6% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 163.74% and total cumulative return in cash sums $124,843. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,223/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1950
2,221 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexis B. Jaquez • IronValley RE of Lehigh Valley
Mls Name: GLVR
Mls Provider:
Mls ID: #753161
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.