1702 Platt CtAllentownPA18104
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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
Investment property for sale in Allentown at 1702 Platt Ct, Allentown, PA, 18104 uses $94,444 cash to close to unlock $1,794/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $2,016/mo, and a $1,394/mo payment keeps the spread at $150/mo. Purchase price stands at $284,900, and rental yield measures 8.49% with $2,016/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 113.53% and total cumulative return in cash records $107,219. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,016/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Townhouse
Built in 1977
4,835 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18104, Allentown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,014 (65.9%) |
| Renter Occupied HU | 5,738 (29.1%) |
| Vacant Housing Units | 1,000 ( 5.1%) |
| Median Home Value | $383,839 |
| Average Home Value | $413,014 |
Housing Distribution
Address Breakdown
Residential
19,253
Single Family
16,764
Multi-Family
2,489
Businesses
1,144
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Listed by: Kimberly M. McCoy • Real of Pennsylvania
Mls Name: GLVR
Mls ID: #765064