2360 N Parkview DrNorristownPA19403
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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 Norristown at 2360 N Parkview Dr, Norristown, PA, 19403 offers a 7.94% rental yield on a $570,000 purchase with $3,770/mo rent. Total monthly income registers $3,770/mo, and a $2,790/mo payment leaves $35/mo available for distribution. Annual cash flow reaches $417/yr on $187,530 to close, and return on cash invested stands at 20.28% in year one. Equity gained on principal adds $3,678/yr while 5% annual appreciation supports $157,480 over five years. Portfolio math shows five-year ROI at 105.3% and total cumulative return in cash at $197,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,770/mo property income against a $2,790/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.48 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: Cindy Nacarelli • Keller Williams Realty Group
Mls Name: Bright MLS
Mls ID: #PAMC2164740