234 Erickson Ave #28-31EssingtonPA19029
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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
Investment property for sale in Essington at 234 Erickson Ave #28-31, Essington, PA, 19029 listed at $267,500 pairs $2,220/mo rent with a $1,309/mo payment to leave $467/mo cash flow. Total monthly income runs $2,220/mo, and annual cash flow reaches $5,609/yr on $88,676 cash to close. Return on cash invested measures 26.23% in year one, and rental yield registers 9.96% at a $267,500 basis. Equity gained on principal adds $1,726/yr, and annual property appreciation at 5% supports $73,905 by year five. Five-year ROI tracks 137.27% and total cumulative return in cash totals $121,724. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $1,309/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19029, Essington, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,888 (100%) |
| Owner Occupied HU | 1,146 (60.7%) |
| Renter Occupied HU | 577 (30.6%) |
| Vacant Housing Units | 165 ( 8.7%) |
| Median Home Value | $231,589 |
| Average Home Value | $273,103 |
Housing Distribution
Address Breakdown
Residential
1,831
Single Family
1,769
Multi-Family
62
Businesses
241
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Listed by: Anthony J Fanelli • AM Realty Advisors
Mls Name: Bright MLS
Mls ID: #PADE2092236