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No similar price properties found nearby.
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 1240 Diamond Ave, Scranton, PA, 18508 offers $4,202/mo rent that, after a $1,590/mo payment, leaves $2,073/mo cash flow. Total monthly income is $4,202/mo, and annual cash flow is $24,878/yr on $107,704 cash. Return on cash invested measures 43.01% in year one, and rental yield stands at 15.52% at a $324,900 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,764 by year five. Five-year ROI records 227.22% and total cumulative return in cash reaches $244,721. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,202/mo property income versus a $1,590/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.29 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 18508, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,451 (100%) |
| Owner Occupied HU | 2,511 (46.1%) |
| Renter Occupied HU | 2,224 (40.8%) |
| Vacant Housing Units | 716 (13.1%) |
| Median Home Value | $153,247 |
| Average Home Value | $203,842 |
Housing Distribution
Address Breakdown
Residential
5,069
Single Family
4,518
Multi-Family
551
Businesses
545
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-10 | Listed for sale | $324,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $3754.46 | 61.98% | $11,000 | N/A |
| 2022-09-14 | $2317.80 | N/A | $11,000 | N/A |
| 2021-09-14 | $2317.80 | -33.04% | $11,000 | N/A |
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: 1958
- Architectural Style: Ranch
- Building Area: 3,350
- Living Area: 3,350 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas
- Cooling: Central Air
- Flooring: Carpet, Ceramic Tile
- Interior Features: Bar, In-Law Floorplan, Ceiling Fan(s)
- Exterior Features: None
- Parking Features: Attached, Off Street
Location
- City: Scranton
- Subdivision: N/A
- Lot Size: 0.29 Acres
- Lot Features: Corner 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: Natural Gas Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
What's Special
Storage
Listed by: Ann A Sheroda • REALTY NETWORK GROUP
Mls Name: GSBR
Mls Provider:
Mls ID: #SC3615
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.