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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 1115 Electric St, Scranton, PA, 18509 priced at $449,900 converts $5,758/mo rent into $2,810/mo cash flow after a $2,202/mo obligation. Total monthly income equals $5,758/mo, and annual cash flow totals $33,719/yr on $149,142 invested. Return on cash invested prints 42.52% in year one, and rental yield reads 15.36% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 224.55% and total cumulative return in cash sums $334,894. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,758/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,534 sqft lot
$N/A/sqft
No HOA
More details about the property
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-10 | Price change | $449,900 |
| 2024-08-30 | Listed for sale | $469,900 |
| 2022-09-20 | Sold | $421,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1920
- Architectural Style: See Remarks
- Building Area: 4,032
- Living Area: 4,032 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: Carpet, Ceramic Tile
- Interior Features: Entrance Foyer
- Exterior Features: Balcony
- Parking Features: Off Street
Location
- City: Scranton
- Subdivision: N/A
- Lot Size: 6,534 sqft
- Lot Features: City Lot
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Water Connected, Sewer Connected, Sewer Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Asphalt
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
What's Special
Finished
Listed by: Christian Saunders • Christian Saunders Real Estate
Mls Name: GSBR
Mls Provider:
Mls ID: #SC4549
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.