116 Chase RdWaynePA19087
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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
Rental property for sale in Wayne at 116 Chase Rd, Wayne, PA, 19087 offers $2,905/mo rent that, after a $1,884/mo payment, leaves $383/mo cash flow. Total monthly income is $2,905/mo, and annual cash flow is $4,590/yr on $127,628 cash. Return on cash invested measures 23.51% in year one, and rental yield stands at 9.05% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 122.62% and total cumulative return in cash reaches $156,502. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,905/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1980
1,556 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19087, Wayne, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,750 (100%) |
| Owner Occupied HU | 9,865 (71.7%) |
| Renter Occupied HU | 3,060 (22.3%) |
| Vacant Housing Units | 825 ( 6.0%) |
| Median Home Value | $760,866 |
| Average Home Value | $824,340 |
Housing Distribution
Address Breakdown
Residential
12,978
Single Family
11,003
Multi-Family
1,975
Businesses
1,664
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Listed by: John Collins • RE/MAX Main Line - Devon
Mls Name: Bright MLS
Mls ID: #PACT2116680