85 Covington PlCatasauquaPA18032
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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 Catasauqua at 85 Covington Pl, Catasauqua, PA, 18032 uses $76,212 cash to close to unlock $5,673/yr annual cash flow and $473/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,125/mo payment keeps the spread at $473/mo. Purchase price stands at $229,900, and rental yield measures 10.33% with $1,979/mo rent. Return on cash invested shows 27.35% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 143.24% and total cumulative return in cash records $109,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
2,221 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18032, Catasauqua, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,191 (100%) |
| Owner Occupied HU | 2,772 (66.1%) |
| Renter Occupied HU | 1,258 (30.0%) |
| Vacant Housing Units | 161 ( 3.8%) |
| Median Home Value | $270,954 |
| Average Home Value | $321,400 |
Housing Distribution
Address Breakdown
Residential
4,114
Single Family
3,747
Multi-Family
367
Businesses
189
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Listed by: Timothy F Heimbach • RE/MAX Unlimited Real Estate
Mls Name: GLVR
Mls ID: #769301