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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 1147 N 24th St, Allentown, PA, 18104 offers a 14.32% rental yield on a $400,000 purchase with $4,775/mo rent. Total monthly income registers $4,775/mo, and a $1,958/mo payment leaves $2,154/mo available for distribution. Annual cash flow reaches $25,844/yr on $132,600 to close, and return on cash invested stands at 39.4% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 207.83% and total cumulative return in cash at $275,584. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,775/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
7,200 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Listed for sale | $400,000 |
| 1969-02-01 | Sold | $30,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $5115.14 | N/A | $222,400 | N/A |
| 2022-09-14 | $5115.14 | 0.39% | $222,400 | N/A |
| 2021-09-14 | $5095.13 | N/A | $222,400 | N/A |
Nearby investment properties with comparable rents
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1964
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 2,598 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Hot Water, Oil
- Cooling: Central A/C, Electric
- Flooring: Hardwood, Tile/Brick, Carpet, Wood Floors
- Interior Features: Eat-in Kitchen
- Exterior Features: N/A
- Parking Features: Garage Faces Front, Asphalt Driveway, Attached Garage, Driveway
Location
- City: Allentown
- Subdivision: None Available
- Lot Size: 7,200 sqft
- Lot Features: Corner Lot
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Clara Bergstein • RE/MAX Real Estate-Allentown
Mls Name: Bright MLS
Mls Provider:
Mls ID: #PALH2009946
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