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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 624 Main St, Scranton, PA, 18507 priced at $359,900 converts $2,522/mo rent into $163/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,522/mo, and annual cash flow totals $1,958/yr on $119,307 invested. Return on cash invested prints 21.55% in year one, and rental yield reads 8.41% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 112.15% and total cumulative return in cash sums $133,802. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,522/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.28 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 18507, Moosic, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,634 (100%) |
| Owner Occupied HU | 1,794 (68.1%) |
| Renter Occupied HU | 587 (22.3%) |
| Vacant Housing Units | 253 ( 9.6%) |
| Median Home Value | $260,976 |
| Average Home Value | $359,188 |
Housing Distribution
Address Breakdown
Residential
2,322
Single Family
2,206
Multi-Family
116
Businesses
259
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
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: 1930
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached, Paved, Garage Faces Front, Garage
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 0.28 Acres
- Lot Features: N/A
- 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: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Michael D. Cola • Cobblestone Real Estate LLC
Mls Name: GSBR
Mls ID: #SC255260