702 S 8th St, Allentown, PA, 18103 | 4.66% Rental Yield

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702 S 8th St, Allentown, PA, 18103 | 4.66% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Allentown at 702 S 8th St, Allentown, PA, 18103 generates $1,940/mo in rent, after a $2,447/mo payment. Total monthly income is $1,940/mo. Return on cash invested sits at 10.23% in year one, and rental yield is 4.66% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 51.43% and total cumulative return in cash sums $85,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,940/mo property income rather than buyer’s personal income.

Multi Family

Built in 1930

3,441 sqft lot

$N/A/sqft

No HOA

More details about the property

Turn-key Investment Opportunity in South Allentown! This 4-unit property features THREE 2-bedroom apartments: Units 1 & 2 have been renovated with New Kitchens, Baths, and Brand new HVAC systems. Unit 3, BRAND NEW approx 1300+/- sq ft, making it an ideal addition to any portfolio. Fully-renovated from top to bottom, inside & out with nothing left to do but produce positive cashflow. PLUS approx 1800+ sq ft lower level with 2 outside entrances for owner use/storage, or create additional cashflow. Current rents are $1,300/m (long term tenant), $1,500/m, & $1,700/m, totaling $54,000 / yr gross income with Net Income of over $49,000 , that is without including the entire lower level. Recent updates throughout the building include: New Vinyl Facade, New Vinyl Windows throughout, New Decks, New Kitchens w/ Luxury Granite / Quartz Countertops, New Cabinets, New HVAC units (all heat pumps w/ A/C), New Baths, New 4 Meter Gang Electric Service. With the units currently rented, and major improvements already completed, this property offers immediate cash flow without the stress of updates or tenant placement. A rare opportunity to acquire a stabilized, updated asset in a growing rental market secure passive income from day one. Perfect for both seasoned investors and those looking for a turn-key entry into multi-family real estate!