162 Hoover AveNorristownPA19403
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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 162 Hoover Ave, Norristown, PA, 19403 priced at $375,000 pairs $2,585/mo rent with $128/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,585/mo, and annual cash flow comes to $1,537/yr on $124,313 invested. Return on cash invested is 21.15% in year one, and rental yield stands at 8.27% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 109.97% and total cumulative return in cash reaches $136,707. For financing, Ziffy Mortgage’s DSCR program evaluates $2,585/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.82 Acres 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: Caroline Lavenduski • Keller Williams Real Estate-Langhorne
Mls Name: Bright MLS
Mls ID: #PAMC2155470