611 E Federal St · Allentown, PA 18103

$265,000

3 bd · 1.5 ba · 1,236 sqft · SingleFamily public records · 5 Days on market

Built 1965 8,100 sqft lot $214/sqft · 32% above area Est $364k · 27% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +7.3/30.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Multiple offers received. Please present best and highest by end of day Monday (18May2026). Located in Salisbury Township, this 1965-built ranch balances mid-century charm with significant growth potential. The main floor offers 1,236 square feet of comfortable living space, anchored by original hardwood floors that have been professionally refinished to a beautiful, modern glow. This level features three well-appointed bedrooms and a full bathroom, all arranged in a practical, easy-to-navigate layout. The home’s footprint nearly doubles in the walkout basement, which provides almost 1,000 square feet of additional, mostly finished space. It is a versatile canvas just waiting for the

Key facts

• 8,100 sq ft lot
• Garage
• Built 1965

Property features AI

Exterior

• Parking: Attached garage; Garage with door opener; Off-street parking; On-street parking; Built-in garage (1 car)
• Utilities: Public water; Public sewer; Electric water heater; Electric power for heating and appliances
• Home design: Single-story home; R4 zoning; Block foundation; Below-grade finished area in basement; Above-grade finished living area
• Construction: Aluminum siding; Brick exterior; Asphalt and fiberglass roof; Block foundation; Year built not provided
• Exterior features: Porch; Patio; Lot dimensions approximately 67.46 x 120

Interior

• Kitchen: Eat-in kitchen; Electric oven
• Bedrooms: Two bedrooms on the first level
• Flooring: Hardwood; Laminate; Resilient
• Bathrooms: One full bathroom on the first level; One half bathroom on the lower level
• Heating & cooling: Electric heating; Radiant heating; Zoned heating; Wall/window air conditioning units
• Interior features: Attic; Eat-in kitchen; Storage; Partially finished walk-out basement
• Laundry & utility: Washer; Electric dryer; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $-354 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $202k (23.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $196k (26.1% below list).
• Recommended offer: $196k (26.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 81/100 on livability (#171 in PA, #1,440 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, employment D.
• Salisbury Township SD (suburban): math 29% / reading 51% proficiency, ranked #307 of 539 in PA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.0%/yr); 161 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).
• This rent runs 32% of the median local income ($73k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Lehigh County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,712 (26.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.74% ✗
• Cap rate: 4.69%
• Cash-on-cash: -5.73%
• DSCR: 0.75
• GRM: 11.3

CMA / ARV

• ARV (median comp): $363,749
• List price: $265,000
• Delta: -27.15%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
602 E Juniata St	0.17mi	3/1.0	1,302 (+5%)	3mo	$319,000	$245	79
716 E Barner St	0.27mi	2/1.5 (-1)	1,234 (-0%)	8mo	$230,000	$186	75
726 Barner St	0.28mi	3/1.5	1,161 (-6%)	3mo	$245,000	$211	74
313 E Juniata St	0.37mi	4/2.0 (+1)	1,288 (+4%)	3mo	$330,000	$256	66
1340 Marlow St	0.46mi	2/1.0 (-1)	1,248 (+1%)	8mo	$150,000	$120	63
1602 S Albert	0.56mi	3/2.0	1,304 (+6%)	2mo	$399,999	$307	61
316 E Susquehanna St #318	0.39mi	3/2.0	1,344 (+9%)	8mo	$340,000	$253	59
1145 Lehigh Ave	0.65mi	3/1.5	1,176 (-5%)	6mo	$277,000	$236	57
1004 E Susquehanna St	0.50mi	2/1.0 (-1)	1,184 (-4%)	8mo	$265,000	$224	56
14 E Paoli St	0.66mi	3/1.0	1,176 (-5%)	7mo	$280,000	$238	53
1138 Loxley Ln	0.59mi	3/2.0	1,123 (-9%)	4mo	$310,000	$276	52
1230 Salisbury Rd	0.73mi	3/1.0	1,080 (-13%)	8mo	$310,000	$287	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 7.05% rent growth · sell at horizon

5-year hold

• IRR: -21.5%
• Equity multiple: 0.23×
• Total profit: $-57,125
• Equity at exit: $39,512

10-year hold

• IRR: -7.5%
• Equity multiple: 0.44×
• Total profit: $-41,467
• Equity at exit: $22,912

Cash invested: $74,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 18103

• Rents YoY: 7.0%
• Active inventory: 161
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,957 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$400 /mo · $4,802/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $-354

Break-even live

Break-even rent $2,405

Max offer price $202,440

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
605 E Susquehanna St Allentown, PA	3.0	1.0	1092	$2,500	$2.29	14d	1	0.25mi
1509 S Albert St Allentown, PA	3.0	1.0	920	$1,750	$1.90	21d	1	0.54mi
1701 S Albert St Allentown, PA	2.0	1.0	980	$1,450	$1.48	44d	1	0.57mi
210 E Emmaus Ave #1 Allentown, PA	2.0	1.0	825	$1,500	$1.82	44d	1	0.60mi
1012 Constitution Dr Allentown, PA	2.0	1.0	1400	$1,495	$1.07	23d	1	0.62mi
1848 S Wood St Allentown, PA	2.0	1.5	900	$1,650	$1.83	19d	1	0.79mi
146 W Susquehanna St Allentown, PA	2.0	1.5	1200	$1,995	$1.66	14d	1	0.80mi
717 S Filmore St Allentown, PA	2.0	1.0	950	$1,745	$1.84	3d	1	0.98mi
2402 S 2nd St Allentown, PA	2.0	1.0	1000	$1,895	$1.90	3d	1	1.01mi
101 W Mountain Rd Allentown, PA	2.0	2.0	972	$1,795	$1.85	3d	1	1.04mi
101 W Mountain Rd Allentown, PA	2.0	2.0	972	$1,795	$1.85	44d	1	1.04mi
2307 S 5th St Allentown, PA	3.0	1.5	1296	$2,300	$1.77	14d	1	1.12mi
503 S Austin St Unit A Allentown, PA	2.0	1.0	1000	$1,650	$1.65	3d	1	1.13mi
503 S Austin St Unit 520 Allentown, PA	2.0	1.0	1000	$1,650	$1.65	14d	1	1.13mi
503 S Austin St Unit 524 Allentown, PA	2.0	1.0	1000	$1,750	$1.75	23d	1	1.13mi
503 S Austin St Unit 514 Allentown, PA	2.0	1.0	1000	$1,550	$1.55	14d	1	1.13mi
503 S Austin St Unit 503 A Allentown, PA	2.0	1.0	1000	$1,900	$1.90	14d	1	1.13mi
503 S Austin St Unit 517 A Allentown, PA	2.0	1.0	1000	$1,900	$1.90	14d	1	1.13mi
519 Vine St Allentown, PA	3.0	1.0	1100	$2,400	$2.18	3d	1	1.15mi
333 River Dr Allentown, PA	1.0–2.0	1.0–2.0	869	$2,025	$2.33	3d	13	1.17mi
2013 S 6th St Allentown, PA	3.0	1.0	1080	$2,300	$2.13	14d	1	1.24mi
520 W Cumberland St Allentown, PA	1.0–2.0	1.0–2.0	929	$2,293	$2.47	3d	13	1.25mi
230 E Fairview St Allentown, PA	3.0	2.0	1414	$2,300	$1.63	23d	1	1.26mi
773 E Rock Rd Allentown, PA	2.0	1.0	1146	$1,050	$0.92	21d	1	1.38mi
303 E Union St Unit 1st Allentown, PA	2.0	1.0	977	$1,550	$1.59	44d	1	1.38mi
702 Saint John St Apt 3 Allentown, PA	2.0	1.0	896	$1,400	$1.56	3d	1	1.43mi
2074 Baker Dr Allentown, PA	3.0	1.0	1462	$2,195	$1.50	44d	1	1.49mi
830 W Susquehanna St #814 Allentown, PA	2.0	1.5	1200	$1,625	$1.35	3d	1	1.50mi

Listing history 1 events

1. 2026-05-15
   listed $265,000 Active 904-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $4,802 · $400/mo
• Projected year-2 tax: $4,802 · $400/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,485
• − Mortgage interest: −$14,844
• − Property taxes: −$4,802
• − Insurance: −$1,325
• − Repairs & maintenance: −$1,879
• − Management: −$1,879
• − Depreciation: −$7,709
• Taxable loss: −$8,952
• Est. tax savings @ 24.0%: +$2,149
• After-tax cash flow: $-2,101/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Salisbury Township SD
• NCES district ID: 4220730
• Math proficiency: 29% ▼ -11.00%
• Reading proficiency: 51% ▼ -11.00%
• Median HH income: $69,808
• Composite: 36.3/100
• National rank: #4696
• State rank: #307 of 539 in PA

Livability — Allentown

• Score: 81/100
• State rank: #171
• US rank: #1440

Category grades

Amenities A Commute A+ Cost of living A+ Crime C+ Employment D Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lehigh County · 333,019 people
• City population: 172,996
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 48,746
• Household income: $72,895
• Rent vs Own: 36.9% rent · 63.1% own
• Severe rent burden: 1792.0

Population outlook (Lehigh County) Hauer SSP2

• Today (2025): 392,957 people
• By 2030: 408,319 · +3.9%
• By 2040: 440,007 · +12.0%
• By 2050: 475,940 · +21.1%
• By 2075: 590,448 · +50.3%
• By 2100: 690,314 · +75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 46% Hispanic / Latino 38% Two or more races 15% Black 9% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 15% Dominican 13%
• Common ancestry: Romanian 3% Polish 3% Iranian 1%
• Foreign-born: 19% · Canada, Jamaica, Vietnam
• Languages at home: 64% English-only · Spanish 30% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Lehigh

• 2024 margin: Toss-up / Even · D 50.7% · R 48.0% · Other 1.2%
• 2008→2024 swing: -12.9pp toward R · 2008: 15.6pp · 2024: 2.7pp
• All cycles: 2024: D+2.7 2020: D+7.6 2016: D+4.4 2012: D+7.5 2008: D+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -358.28%
• Current HPI: 298.1512
• Rent YoY: ▲ 7.05%
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

2 events — show timeline

• 2026-05-20 Pending — GLVRMLS
• 2026-05-15 Listed $265,000 GLVRMLS

Property tax history

+3.5%/yr

Latest (2026): $4,802 · +6.0% YoY. Source: county tax records.