1315 Fretz Ave, Allentown, PA, 18103 | $2,405/mo Cash Flow

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$319,900

4 bds • 3 ba • 2190 sqft

1315 Fretz Ave, Allentown, PA, 18103

16.9%

Gross Yield

46.8%

ROI

$4,501 /m

Est. Rent

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Allentown at 1315 Fretz Ave, Allentown, PA, 18103 generates $4,501/mo in rent and, after a $1,566/mo payment, leaves $2,405/mo in cash flow. Total monthly income is $4,501/mo, and annual cash flow is $28,854/yr on $106,047 invested. Return on cash invested sits at 47.12% in year one, and rental yield is 16.88% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 249.25% and total cumulative return in cash sums $264,320. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,501/mo property income rather than buyer’s personal income.

Single Family

Built in 1986

6,011 sqft lot

$N/A/sqft

No HOA

More details about the property

Delightfully maintained & cared for Single home in Salisbury School District. This lovely & Cozy home has a Fantastic open concept floor plan, 4 Bedrooms, 2.5 baths, 1 car garage, and a partially finished walkout Basement. Large Living room with sliding doors leading to an amazing view from the deck overlooks the private fenced-in backyard. Spacious kitchen with Plenty of counter space & tile flooring leads to the added dining room (used as an office, can be a BR/Game room, etc). 2nd floor includes a Master Bedroom with a master Bath, a large walk-in closet, and 3 sizable bedrooms & a full bathroom. Partially finished walk-out Basement has a spacious Family Room and unfinished laundry area. Access the fenced-in backyard from the basement thru the covered patio or by using the steps of the 1st-floor deck. Large shed in the backyard and the 2nd garage have been enclosed for additional living space and storage. Conveniently located near Parks, Highways, shopping, restaurants & everything the Lehigh Valley has to offer. What an Amazing opportunity to own this single home! it comes with a ONE-YEAR HOME WARRANTY for added peace of mind. OPEN HOUSES on 9/7/24 & 9/8/24 FROM 1-3

Price History

Date	Event	Price
2024-09-04	Listed for sale	$319,900
2018-10-02	Sold	$214,900
2018-07-27	Price change	$214,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2023-09-13	$4321.58	N/A	$151,400	N/A
2022-09-13	$4321.58	6.86%	$151,400	N/A
2021-09-13	$4043.98	4.05%	$151,400	N/A

Nearby investment properties with comparable rents

No similar rental properties found nearby.

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Ziffy Mortgage

NMLS #2625701

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Facts & Features

General Information

Type: SingleFamily
Year Built: 1986
Architectural Style: Colonial
Building Area: 2,190
Living Area: 2,190 sqft
Property Condition: N/A

Features & Amenities

Heating: Baseboard, Electric
Cooling: N/A
Flooring: Hardwood, Tile
Interior Features: Den/Office
Exterior Features: N/A
Parking Features: Attached

Location

City: Allentown
Subdivision: Allentown Gardens
Lot Size: 6,011 sqft
Lot Features: Level, 6001-10000 sq. ft.
View: Mountain(s)

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: Cable, DSL
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: Salisbury Elementary
Middle School: Salisbury Middle
High School: Salisbury High School

Listed by: Gina Gor • RE/MAX Real Estate

Mls Name: GLVR

Mls Provider: Mls

Mls ID: #743755

Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.