2 Babbitt WayAllentownNJ08501
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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 Allentown at 2 Babbitt Way, Allentown, NJ, 08501 priced at $1,004,500 converts $7,480/mo rent into $256/mo cash flow after a $4,917/mo obligation. Total monthly income equals $7,480/mo, and annual cash flow totals $3,072/yr on $325,458 invested. Return on cash invested prints 21.31% in year one, and rental yield reads 8.94% against a $1,004,500 entry. Equity gained on principal adds $6,482/yr, while 5% annual appreciation compiles into $277,525 by year five. Five-year ROI reaches 111.62% and total cumulative return in cash sums $363,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,480/mo property income covering a $4,917/mo payment, not borrower’s personal income.
Single Family
Built in 2006
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08501, Allentown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,550 (100%) |
| Owner Occupied HU | 2,176 (85.3%) |
| Renter Occupied HU | 250 ( 9.8%) |
| Vacant Housing Units | 124 ( 4.9%) |
| Median Home Value | $687,500 |
| Average Home Value | $810,505 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,417
Multi-Family
0
Businesses
210
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