744 N 16th 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
Investment property for sale in Allentown at 744 N 16th St, Allentown, PA, 18102 listed at $245,000 pairs $1,786/mo rent with a $1,199/mo payment to leave $181/mo cash flow. Total monthly income runs $1,786/mo, and annual cash flow reaches $2,169/yr on $81,218 cash to close. Return on cash invested measures 22.58% in year one, and rental yield registers 8.75% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 117.64% and total cumulative return in cash totals $95,544. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,786/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1920
1,742 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: Robert Inselmann • IronValley RE of Lehigh Valley
Mls Name: GLVR
Mls ID: #770360