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favorite this post $48000 / 4br - 1300ft2 - ~~ Great for a Rental Property or For you to Live in! ~~ (Scranton) hide this posting unhide

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1351 Penn Ave.

(google map)

4BR / 1Ba 1300ft2

house

1351 Penn Ave. Scranton, PA 18509
Price $48,000

Bedrooms: 4
Baths: 1
single family
Sq Footage: 1,300
Acre 0.14
Year Built: 1930
Heating: Gas
Water: Public
Sewer: Public

Great opportunity for investment or starter home. See pictures for more details.

updates needed: refinish hardwood, paint, cosmetic updates

Call me to visit my house at show contact info

If you are a real estate investor looking to buy and hold this property then below is some analysis:

Purchase Price: $48,000
Estimated Repairs to get highest rents: $13,000
Transfer Tax: $480
Closing Costs (sale): $960
Buyer's initial investment: $62,440

+ Monthly Rental Income: $1,000
- Vacancy Reserve: $100
- Monthly Real Estate Taxes: $160
- HOA Fees: $0
- Insurance: $60
- Property Management: $0
- Utilities: $0
- Reserves for Future Repairs: $100
= Net Monthly Operating Income: $580

Your Annual cash return: 11.1%

Call me to visit my house: show contact info
  • do NOT contact me with unsolicited services or offers

post id: 6815500683

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