238 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 238 Highland Ave, Wayne, PA, 19087 priced at $400,000 converts $1,930/mo rent into after a $1,958/mo obligation. Total monthly income equals $1,930/mo. Return on cash invested prints 13.65% in year one, and rental yield reads 5.79% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 69.78% and total cumulative return in cash sums $92,524. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,930/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1936
4,356 sqft 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: Ryan Petrucci • RE/MAX Main Line-Paoli
Mls Name: Bright MLS
Mls ID: #PADE2104946