705 E 6th StAllentownPA18102
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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 705 E 6th St, Allentown, PA, 18102 generates $1,587/mo in rent and, after a $979/mo payment, leaves $276/mo in cash flow. Total monthly income is $1,587/mo, and annual cash flow is $3,316/yr on $66,300 invested. Return on cash invested sits at 24.91% in year one, and rental yield is 9.52% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 130.2% and total cumulative return in cash sums $86,324. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,587/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2,918 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18102, Allentown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,563 (100%) |
| Owner Occupied HU | 5,593 (28.6%) |
| Renter Occupied HU | 12,439 (63.6%) |
| Vacant Housing Units | 1,531 ( 7.8%) |
| Median Home Value | $164,165 |
| Average Home Value | $238,586 |
Housing Distribution
Address Breakdown
Residential
17,707
Single Family
13,781
Multi-Family
3,926
Businesses
1,010
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Listed by: Kevin Pierce • EXP Realty LLC
Mls Name: GLVR
Mls ID: #766649