118 Althea AveMorrisvillePA19067
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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 Morrisville at 118 Althea Ave, Morrisville, PA, 19067 generates $2,886/mo in rent and, after a $2,080/mo payment, leaves $101/mo in cash flow. Total monthly income is $2,886/mo, and annual cash flow is $1,215/yr on $140,888 invested. Return on cash invested sits at 20.77% in year one, and rental yield is 8.15% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 107.97% and total cumulative return in cash sums $152,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,886/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19067, Morrisville, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,982 (100%) |
| Owner Occupied HU | 16,086 (73.2%) |
| Renter Occupied HU | 4,963 (22.6%) |
| Vacant Housing Units | 933 ( 4.2%) |
| Median Home Value | $553,399 |
| Average Home Value | $571,213 |
Housing Distribution
Address Breakdown
Residential
21,629
Single Family
21,119
Multi-Family
510
Businesses
1,504
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Listed by: Anthony DiCicco • Keller Williams Real Estate - Newtown
Mls Name: Bright MLS
Mls ID: #PABU2103226