242 Lewis RdSpringfieldPA19064
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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 Springfield at 242 Lewis Rd, Springfield, PA, 19064 generates $3,066/mo in rent and, after a $2,080/mo payment, leaves $281/mo in cash flow. Total monthly income is $3,066/mo, and annual cash flow is $3,375/yr on $140,888 invested. Return on cash invested sits at 22.3% in year one, and rental yield is 8.66% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 116.17% and total cumulative return in cash sums $163,673. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,066/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19064, Springfield, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,075 (100%) |
| Owner Occupied HU | 8,204 (90.4%) |
| Renter Occupied HU | 683 ( 7.5%) |
| Vacant Housing Units | 188 ( 2.1%) |
| Median Home Value | $436,163 |
| Average Home Value | $461,679 |
Housing Distribution
Address Breakdown
Residential
8,974
Single Family
8,669
Multi-Family
305
Businesses
769
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Listed by: Janet Busillo • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #PADE2106370