245 Avenue BPalmertonPA18071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Palmerton at 245 Avenue B, Palmerton, PA, 18071 generates $1,676/mo in rent and, after a $1,052/mo payment, leaves $267/mo in cash flow. Total monthly income is $1,676/mo, and annual cash flow is $3,210/yr on $71,273 invested. Return on cash invested sits at 24.41% in year one, and rental yield is 9.35% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 127.49% and total cumulative return in cash sums $90,865. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,676/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18071, Palmerton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,175 (100%) |
| Owner Occupied HU | 3,542 (68.4%) |
| Renter Occupied HU | 1,268 (24.5%) |
| Vacant Housing Units | 365 ( 7.1%) |
| Median Home Value | $237,795 |
| Average Home Value | $275,246 |
Housing Distribution
Address Breakdown
Residential
4,585
Single Family
4,361
Multi-Family
224
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terri A. Zeoli • Castle Gate Realty
Mls Name: GLVR
Mls ID: #763185