69 Penny LnEastonPA18040
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Easton rentals match the income profile of 69 Penny Ln, Easton, PA, 18040. Listed at $174,900, gross rent is $1,919/mo and net cash flow is $773/mo, a 13.17% yield well above national averages. DSCR 2.44 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $48,322 by year five with $1,611/yr in annual principal reduction, projecting $116,365 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 6.2% |
| Monthly Cash Flow | $773 | $450 |
City averages based on Easton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,919 |
| Total Monthly Debt Service | $1,077 |
| DSCR Ratio | 1.78x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18040, Easton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,009 (100%) |
| Owner Occupied HU | 6,140 (87.6%) |
| Renter Occupied HU | 647 ( 9.2%) |
| Vacant Housing Units | 222 ( 3.2%) |
| Median Home Value | $383,852 |
| Average Home Value | $414,737 |
Housing Distribution
Address Breakdown
Residential
6,987
Single Family
6,939
Multi-Family
48
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18040, Easton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,009 (100%) |
| Owner Occupied HU | 6,140 (87.6%) |
| Renter Occupied HU | 647 ( 9.2%) |
| Vacant Housing Units | 222 ( 3.2%) |
| Median Home Value | $383,852 |
| Average Home Value | $414,737 |
Housing Distribution
Address Breakdown
Residential
6,987
Single Family
6,939
Multi-Family
48
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darryl J Shands • IronValley RE of Lehigh Valley
Mls Name: GLVR
Mls ID: #760778