1018 Spruce StEastonPA18042
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Ziffy AI Summary
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 Easton at 1018 Spruce St, Easton, PA, 18042 priced at $159,900 converts $1,657/mo rent into $590/mo cash flow after a $783/mo obligation. Total monthly income equals $1,657/mo, and annual cash flow totals $7,082/yr on $53,007 invested. Return on cash invested prints 33.27% in year one, and rental yield reads 12.44% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 175.19% and total cumulative return in cash sums $92,862. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,657/mo property income covering a $783/mo payment, not borrower’s personal income.
Townhouse
Built in 1900
1,045 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18042, Easton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,816 (100%) |
| Owner Occupied HU | 8,630 (48.4%) |
| Renter Occupied HU | 7,870 (44.2%) |
| Vacant Housing Units | 1,316 ( 7.4%) |
| Median Home Value | $265,459 |
| Average Home Value | $331,828 |
Housing Distribution
Address Breakdown
Residential
16,997
Single Family
15,090
Multi-Family
1,907
Businesses
1,187
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Listed by: Lisa Moreef • Keller Williams Northampton
Mls Name: GLVR
Mls Provider:
Mls ID: #754720
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.