622-624 N Fair StAllentownPA18102
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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
Investment property for sale in Allentown at 622-624 N Fair St, Allentown, PA, 18102 uses $99,449 cash to close to unlock $894/yr annual cash flow and $75/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,468/mo payment keeps the spread at $75/mo. Purchase price stands at $299,998, and rental yield measures 8.16% with $2,040/mo rent. Return on cash invested shows 20.81% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 108.15% and total cumulative return in cash records $107,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Multi Family
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18102, Allentown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,563 (100%) |
| Owner Occupied HU | 5,593 (28.6%) |
| Renter Occupied HU | 12,439 (63.6%) |
| Vacant Housing Units | 1,531 ( 7.8%) |
| Median Home Value | $164,165 |
| Average Home Value | $238,586 |
Housing Distribution
Address Breakdown
Residential
17,707
Single Family
13,781
Multi-Family
3,926
Businesses
1,010
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Listed by: Sarina Spinelli • EXP Realty LLC
Mls Name: GLVR
Mls ID: #764389