524 N Berks StAllentownPA18104
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
Investment property for sale in Allentown at 524 N Berks St, Allentown, PA, 18104 uses $89,174 cash to close to unlock $8,118/yr annual cash flow and $676/mo monthly cash flow. Total monthly income runs $2,670/mo, and a $1,317/mo payment keeps the spread at $676/mo. Purchase price stands at $269,000, and rental yield measures 11.91% with $2,670/mo rent. Return on cash invested shows 29.01% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 153.27% and total cumulative return in cash records $136,679. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,670/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Townhouse
Built in 1927
2,395 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick Matos • IronValley RE of Lehigh Valley
Mls Name: GLVR
Mls Provider:
Mls ID: #763482
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.