625 N 23rd StAllentownPA18104
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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 625 N 23rd St, Allentown, PA, 18104 uses $94,444 cash to close to unlock $8,293/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $2,738/mo, and a $1,394/mo payment keeps the spread at $691/mo. Purchase price stands at $284,900, and rental yield measures 11.53% with $2,738/mo rent. Return on cash invested shows 28.69% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 151.29% and total cumulative return in cash records $142,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,738/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Single Family
Built in 1928
2,700 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
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Listed by: Andrew A. Ginsburg • BHHS Regency Real Estate
Mls Name: GLVR
Mls Provider:
Mls ID: #756322
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.