8 Gordon StAllentownNJ08501
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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 8 Gordon St, Allentown, NJ, 08501 offers a 8.13% rental yield on a $299,999 purchase with $2,032/mo rent. 63% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 97.21% and total cumulative return in cash at $96,672. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,032/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08501, Allentown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,550 (100%) |
| Owner Occupied HU | 2,176 (85.3%) |
| Renter Occupied HU | 250 ( 9.8%) |
| Vacant Housing Units | 124 ( 4.9%) |
| Median Home Value | $687,500 |
| Average Home Value | $810,505 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,417
Multi-Family
0
Businesses
210
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Listed by: David Beaty • Century 21 Alliance-Moorestown
Mls Name: Bright MLS
Mls ID: #NJMM2004152