29 2nd StCatasauquaPA18032
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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 Catasauqua at 29 2nd St, Catasauqua, PA, 18032 priced at $535,000 converts $1,210/mo rent into after a $2,619/mo obligation. Total monthly income equals $1,210/mo. Return on cash invested prints 4.31% in year one, and rental yield reads 2.71% against a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation compiles into $147,811 by year five. Five-year ROI reaches 19.71% and total cumulative return in cash sums $34,696. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,210/mo property income covering a $2,619/mo payment, not borrower’s personal income.
Multi Family
Built in 1870
4,530 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18032, Catasauqua, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,191 (100%) |
| Owner Occupied HU | 2,772 (66.1%) |
| Renter Occupied HU | 1,258 (30.0%) |
| Vacant Housing Units | 161 ( 3.8%) |
| Median Home Value | $270,954 |
| Average Home Value | $321,400 |
Housing Distribution
Address Breakdown
Residential
4,114
Single Family
3,747
Multi-Family
367
Businesses
189
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Listed by: Frank J. Renaldi, Jr. • CENTURY 21 Pinnacle
Mls Name: GLVR
Mls Provider:
Mls ID: #747363
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.