542 W Walnut St, Allentown, PA, 18101 | 3.2% Rental Yield

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542 W Walnut St, Allentown, PA, 18101 | 3.2% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Allentown at 542 W Walnut St, Allentown, PA, 18101 earns from $1,800/mo rent with a $3,304/mo payment. Total monthly income totals $1,800/mo. ROI tracks 5.88% on current figures, and rental yield reads 3.2% at a $675,000 purchase. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 over five years. Five-year ROI reaches 28.09% and total cumulative return in cash sums $62,379. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,800/mo property income instead of your personal income.

Multi Family

Built in 1895

4,486 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants pay gas for heat & cooking, & electric with ceiling fans for cooling. Located across from City Center's new Walnut Street Commons (with an attached parking garage*). These easy to rent apartments have upgraded kitchens, new SS fridges and stoves, counter tops, tile bathrooms, ceiling fans & window blinds. Pride of ownership shows in the clean & well maintained common spaces and quality tenants. Durable carpeting & rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. Three new roofs, plus side and rear yards are fenced & locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building & has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.

Neighborhood Data

Neighborhood data shown for ZIP Code: 18101, Allentown, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,218 (100%)
Owner Occupied HU	211 ( 6.6%)
Renter Occupied HU	2,708 (84.2%)
Vacant Housing Units	299 ( 9.3%)
Median Home Value	$135,938
Average Home Value	$195,108