1802 W Washington StAllentownPA18104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1802 W Washington St, Allentown, PA, 18104 uses $92,820 cash to close to unlock $6,164/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $2,348/mo, and a $1,370/mo payment keeps the spread at $514/mo. Purchase price stands at $279,999, and rental yield measures 10.06% with $2,348/mo rent. Return on cash invested shows 26.55% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 138.92% and total cumulative return in cash records $128,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,348/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1974
4,312 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Basel Ido • I-Do Real Estate
Mls Name: GLVR
Mls ID: #767052