308 Ore StPalmertonPA18071
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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 Palmerton at 308 Ore St, Palmerton, PA, 18071 generates $2,029/mo in rent and, after a $1,307/mo payment, leaves $279/mo in cash flow. Total monthly income is $2,029/mo, and annual cash flow is $3,351/yr on $88,511 invested. Return on cash invested sits at 23.69% in year one, and rental yield is 9.12% on a $267,000 entry. Equity gained on principal adds $1,723/yr, while 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 123.67% and total cumulative return in cash sums $109,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,029/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
5,401 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
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Listed by: Joshua Schoenberger • EXP Realty LLC
Mls Name: GLVR
Mls Provider:
Mls ID: #763176
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.