104 E Main StNorristownPA19401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 104 E Main St, Norristown, PA, 19401 in Norristown hard to pass up. The 15.44% gross yield on a $315,000 purchase results in $4,054/mo in rent and $1,989/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.86). Annual cash flow of $23,873, five-year appreciation of $87,029, and $2,901/yr in equity build-up combine for a projected total cumulative return of $248,038.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.4% | 4.2% |
| Monthly Cash Flow | $1,989 | $450 |
City averages based on Norristown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,054 |
| Total Monthly Debt Service | $1,939 |
| DSCR Ratio | 2.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1875
1,326 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19401, Norristown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,024 (100%) |
| Owner Occupied HU | 7,178 (39.8%) |
| Renter Occupied HU | 9,345 (51.8%) |
| Vacant Housing Units | 1,501 ( 8.3%) |
| Median Home Value | $273,045 |
| Average Home Value | $339,389 |
Housing Distribution
Address Breakdown
Residential
16,689
Single Family
13,656
Multi-Family
3,033
Businesses
1,289
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1875
1,326 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19401, Norristown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,024 (100%) |
| Owner Occupied HU | 7,178 (39.8%) |
| Renter Occupied HU | 9,345 (51.8%) |
| Vacant Housing Units | 1,501 ( 8.3%) |
| Median Home Value | $273,045 |
| Average Home Value | $339,389 |
Housing Distribution
Address Breakdown
Residential
16,689
Single Family
13,656
Multi-Family
3,033
Businesses
1,289
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices