64 Waker AvenueAllentownNJ08501
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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 64 Waker Avenue, Allentown, NJ, 08501 offers $4,100/mo rent that, after a $2,922/mo payment. Total monthly income is $4,100/mo. Return on cash invested measures 19.11% in year one, and rental yield stands at 8.24% at a $597,000 entry. Equity gained on principal adds $3,852/yr while 5% annual appreciation compounds into $164,940 by year five. Five-year ROI records 99.78% and total cumulative return in cash reaches $195,978. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,100/mo property income versus a $2,922/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08501, Allentown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,550 (100%) |
| Owner Occupied HU | 2,176 (85.3%) |
| Renter Occupied HU | 250 ( 9.8%) |
| Vacant Housing Units | 124 ( 4.9%) |
| Median Home Value | $687,500 |
| Average Home Value | $810,505 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,417
Multi-Family
0
Businesses
210
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Listed by: Lawrence Mccown • Keller Williams Realty Monmouth/Ocean
Mls Name: MOMLS
Mls Provider:
Mls ID: #22435368
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.