2023 W Washington StAllentownPA18104
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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 2023 W Washington St, Allentown, PA, 18104 priced at $269,999 converts $2,134/mo rent into $193/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,134/mo, and annual cash flow totals $2,311/yr on $89,505 invested. Return on cash invested prints 22.49% in year one, and rental yield reads 9.48% against a $269,999 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 118.02% and total cumulative return in cash sums $105,637. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,134/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Townhouse
Built in 1930
1,655 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: Basel Ido • I-Do Real Estate
Mls Name: GLVR
Mls Provider:
Mls ID: #762715
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.