Rental opportunity in Scranton?

Arizax2

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I'm a jersey guy that's been living in PA for the last 3 years. I bought a house in Monroe County and I'm now looking to get my feet wet in getting a rental property. I'm an hour away from Scranton so what's the deal with that place? I get it's in the hood but why is it so bad that a 4 family or 3 family house is going for 100k and some for less? I mean a mortgage has be be around $900 a month and with a 3 or 4 family house the owner should walk away with some decent money monthly from renters. I'm looking for feedback or advice from people that know the market there. Some examples below:

https://www.trulia.com/p/pa/scranton/1005-cedar-ave-scranton-pa-18505--2120290303

https://www.trulia.com/p/pa/scranton/1005-cedar-ave-scranton-pa-18505--2120290303
 

1thouwow

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Cheap price. But Scranton ain’t popping like that imo. I’d aim for the Lehigh Valley area imo.
 

Arizax2

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What’s good about Lehigh valley?

Easton has its rough parts but mostly a trendy spot. Bethlehem is Easton lite. Allentown is just the hood. Not sure whatelse is considered Lehigh Valley. Maybe Whitehall which is nice. Either way it's a different market from what I'm seeing compared to Scranton which I don't understand how one can't make money renting with these low prices.
 

1thouwow

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What’s good about Lehigh valley?

Easton has its rough parts but mostly a trendy spot. Bethlehem is Easton lite. Allentown is just the hood. Not sure whatelse is considered Lehigh Valley. Maybe Whitehall which is nice. Either way it's a different market from what I'm seeing compared to Scranton which I don't understand how one can't make money renting with these low prices.
I grew up in that area, so I’m bias. It’s the perfect hub. Perfect land and area for commuters from NY and Jersey. Good price for ur money and school districts and then not too far away from the major cities.
 
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