24 Estates DrLake HarmonyPA18624
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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 Lake Harmony at 24 Estates Dr, Lake Harmony, PA, 18624 generates $1,639/mo in rent, after a $1,909/mo payment. Total monthly income is $1,639/mo. Return on cash invested sits at 10.77% in year one, and rental yield is 5.04% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 54.56% and total cumulative return in cash sums $70,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,639/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
2,178 sqft lot
$N/A/sqft
$815 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18624, Lake Harmony, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,924 (100%) |
| Owner Occupied HU | 288 (15.0%) |
| Renter Occupied HU | 57 ( 3.0%) |
| Vacant Housing Units | 1,579 (82.1%) |
| Median Home Value | $434,167 |
| Average Home Value | $627,656 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
33
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Listed by: Holly A. Sussick • IronValley RE of Lehigh Valley
Mls Name: GLVR
Mls Provider:
Mls ID: #747554
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.