230 College DrAllentownPA18104
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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 230 College Dr, Allentown, PA, 18104 uses $109,229 cash to close to unlock $5,647/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $2,630/mo, and a $1,613/mo payment keeps the spread at $471/mo. Purchase price stands at $329,500, and rental yield measures 9.58% with $2,630/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $91,035 over five years. Five-year ROI reaches 131.05% and total cumulative return in cash records $143,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,630/mo property income covering a $1,613/mo payment rather than investor’s personal income.
Single Family
Built in 1953
8,232 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: Bob Stoker • RE/MAX Real Estate
Mls Name: GLVR
Mls ID: #762495