609 Mill 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 609 Mill St, Palmerton, PA, 18071 priced at $199,900 converts $1,883/mo rent into $574/mo cash flow after a $978/mo obligation. Total monthly income equals $1,883/mo, and annual cash flow totals $6,882/yr on $66,267 invested. Return on cash invested prints 30.29% in year one, and rental yield reads 11.3% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 159.05% and total cumulative return in cash sums $105,397. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,883/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.56 Acres 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: Jim Christman • Keller Williams Real Estate
Mls Name: GLVR
Mls ID: #760381