704 Concord RdNazarethPA18064
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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 Nazareth at 704 Concord Rd, Nazareth, PA, 18064 priced at $519,900 converts $3,738/mo rent into $331/mo cash flow after a $2,545/mo obligation. Total monthly income equals $3,738/mo, and annual cash flow totals $3,970/yr on $171,047 invested. Return on cash invested prints 22.38% in year one, and rental yield reads 8.63% against a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,639 by year five. Five-year ROI reaches 116.54% and total cumulative return in cash sums $199,336. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,738/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18064, Nazareth, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,562 (100%) |
| Owner Occupied HU | 8,013 (75.9%) |
| Renter Occupied HU | 2,178 (20.6%) |
| Vacant Housing Units | 371 ( 3.5%) |
| Median Home Value | $422,691 |
| Average Home Value | $482,693 |
Housing Distribution
Address Breakdown
Residential
10,466
Single Family
9,925
Multi-Family
541
Businesses
575
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Listed by: Wendy Ann Buchanan • Home Team Real Estate
Mls Name: GLVR
Mls Provider:
Mls ID: #763706
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.