624 Cleveland StAllentownPA18103
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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 Allentown at 624 Cleveland St, Allentown, PA, 18103 offers $1,783/mo rent that, after a $1,223/mo payment, leaves $3/mo cash flow. Total monthly income is $1,783/mo, and annual cash flow is $30/yr on $82,842 cash. Return on cash invested measures 19.95% in year one, and rental yield stands at 8.56% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 104.28% and total cumulative return in cash reaches $86,390. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,783/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1915
2,395 sqft lot
$N/A/sqft
No HOA
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Listed by: Jeffrey D. Torchia • Preferred Properties Plus
Mls Name: GLVR
Mls Provider:
Mls ID: #755533
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.