824 N Berks StAllentownPA18104
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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 824 N Berks St, Allentown, PA, 18104 uses $137,573 cash to close to unlock $15,093/yr annual cash flow and $1,258/mo monthly cash flow. Total monthly income runs $3,977/mo, and a $2,031/mo payment keeps the spread at $1,258/mo. Purchase price stands at $415,000, and rental yield measures 11.5% with $3,977/mo rent. Return on cash invested shows 30.88% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 162.14% and total cumulative return in cash records $223,065. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,977/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18104, Allentown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,014 (65.9%) |
| Renter Occupied HU | 5,738 (29.1%) |
| Vacant Housing Units | 1,000 ( 5.1%) |
| Median Home Value | $383,839 |
| Average Home Value | $413,014 |
Housing Distribution
Address Breakdown
Residential
19,253
Single Family
16,764
Multi-Family
2,489
Businesses
1,144
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Listed by: Nick Smith • Coldwell Banker Hearthside
Mls Name: GLVR
Mls ID: #763724