216 Highland AveWaynePA19087
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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 Wayne at 216 Highland Ave, Wayne, PA, 19087 priced at $675,000 pairs $3,703/mo rent with after a $3,304/mo payment. Total monthly income equals $3,703/mo. Return on cash invested is 16.17% in year one, and rental yield stands at 6.58% on a $675,000 basis. Equity gained on principal adds $4,356/yr, and 5% annual appreciation accumulates to $186,490 by year five. Five-year ROI measures 83.23% and total cumulative return in cash reaches $184,839. For financing, Ziffy Mortgage’s DSCR program evaluates $3,703/mo property income against a $3,304/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19087, Wayne, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,750 (100%) |
| Owner Occupied HU | 9,865 (71.7%) |
| Renter Occupied HU | 3,060 (22.3%) |
| Vacant Housing Units | 825 ( 6.0%) |
| Median Home Value | $760,866 |
| Average Home Value | $824,340 |
Housing Distribution
Address Breakdown
Residential
12,978
Single Family
11,003
Multi-Family
1,975
Businesses
1,664
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Listed by: Robert Loftis • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #PADE2099886