16 W Spruce StNorristownPA19401
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
Investment Highlights
Investment property for sale in Norristown at 16 W Spruce St, Norristown, PA, 19401 at $195,000 posts ROI 24.38% with $241/mo cash flow from $1,518/mo rent. Total monthly income equals $1,518/mo, and annual cash flow records $2,887/yr on $64,643 to close. Return on cash invested measures 24.38% and rental yield reads 9.34% at the current $195,000. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 by year five. Five-year ROI prints 127.29% and total cumulative return in cash totals $82,282.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,518/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1920
1,488 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
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Listed by: Glenn Adams • EveryHome Realtors
Mls Name: Bright MLS
Mls ID: #PAMC2165894