2240 W Walnut 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 2240 W Walnut St, Allentown, PA, 18104 generates $2,229/mo in rent and, after a $1,468/mo payment, leaves $10/mo in cash flow. Total monthly income is $2,229/mo, and annual cash flow is $123/yr on $99,450 invested. Return on cash invested sits at 20.03% in year one, and rental yield is 8.92% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 105.12% and total cumulative return in cash sums $104,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,229/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
3,310 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: Tim George • CENTURY 21 Pinnacle
Mls Name: GLVR
Mls Provider:
Mls ID: #756188
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.