120 Washington Dr #64NorristownPA19403
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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 Norristown at 120 Washington Dr #64, Norristown, PA, 19403 generates $922/mo in rent and, after a $584/mo payment, leaves $140/mo in cash flow. Total monthly income is $922/mo, and annual cash flow is $1,682/yr on $39,548 invested. Return on cash invested sits at 24.16% in year one, and rental yield is 9.27% on a $119,300 entry. Equity gained on principal adds $770/yr, while 5% annual appreciation builds toward $32,960 over five years. Five-year ROI reaches 126.24% and total cumulative return in cash sums $49,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $922/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19403, Norristown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,698 (100%) |
| Owner Occupied HU | 14,128 (71.7%) |
| Renter Occupied HU | 4,723 (24.0%) |
| Vacant Housing Units | 847 ( 4.3%) |
| Median Home Value | $454,144 |
| Average Home Value | $498,387 |
Housing Distribution
Address Breakdown
Residential
19,236
Single Family
15,917
Multi-Family
3,319
Businesses
903
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Listed by: N/A • RHP Properties
Mls Name: RHP Properties
Mls ID: #N/A