16 Township Line Rd APT A2Elkins ParkPA19027
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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 Elkins Park at 16 Township Line Rd APT A2, Elkins Park, PA, 19027 priced at $200,000 converts $1,395/mo rent into $84/mo cash flow after a $979/mo obligation. Total monthly income equals $1,395/mo, and annual cash flow totals $1,012/yr on $66,300 invested. Return on cash invested prints 21.44% in year one, and rental yield reads 8.37% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 111.56% and total cumulative return in cash sums $73,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,395/mo property income covering a $979/mo payment, not borrower’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19027, Elkins Park, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,693 (100%) |
| Owner Occupied HU | 5,206 (59.9%) |
| Renter Occupied HU | 2,955 (34.0%) |
| Vacant Housing Units | 532 ( 6.1%) |
| Median Home Value | $463,830 |
| Average Home Value | $497,950 |
Housing Distribution
Address Breakdown
Residential
8,438
Single Family
7,124
Multi-Family
1,314
Businesses
724
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Listed by: Matthew Harnick • Keller Williams Real Estate-Blue Bell
Mls Name: Bright MLS
Mls ID: #PAMC2163844