2610 River Rd, New Hope, PA, 18938 | 3.12% Rental Yield

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2610 River Rd, New Hope, PA, 18938 | 3.12% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Hope at 2610 River Rd, New Hope, PA, 18938 offers a 3.12% rental yield on a $1,500,000 purchase with $3,901/mo rent. 73% in year one. Equity gained on principal adds $9,679/yr while 5% annual appreciation supports $414,422 over five years. Portfolio math shows five-year ROI at 27.21% and total cumulative return in cash at $132,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,901/mo property income against a $7,342/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1780

N/A lot

$N/A/sqft

No HOA

More details about the property

A truly exceptional opportunity to own a landmark home in one of Pennsylvanias most treasured historic districts. This enchanting Tudor Revival residence, designed and built in the early 20th century by renowned architect, craftsman, and artist Morgan Colt, is a cornerstone of the Phillips Mill Historic Districtrecognized on the National Register of Historic Places. Originally a stone barn, Colt transformed the structure into a captivating home featuring handcrafted woodwork, wrought iron details, and leaded glass windows. The property is part of the "Little English Village," a collection of Gothic and Tudor-style buildings that Colt developed, reflecting his dedication to the Arts and Crafts movement. Nestled between the Delaware River and the canal path, the Morgan Colt House offers a serene setting just minutes from downtown New Hope. The surrounding area is steeped in artistic heritage, having been home to the New Hope Art Colony and figures like Edward Redfield and Daniel Garber. This property presents a unique opportunity for preservationists, artists, or those seeking a distinctive residence rich in character and history. With its architectural significance and idyllic location, the Morgan Colt House stands as a testament to early 20th-century craftsmanship and the enduring legacy of the New Hope art community. Additional two story Carriage home with fireplace and two story Guest Cottage with large fireplace A total of 3 buildings and small garden shed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 18938, New Hope, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,917 (100%)
Owner Occupied HU	5,378 (77.8%)
Renter Occupied HU	1,040 (15.0%)
Vacant Housing Units	499 ( 7.2%)
Median Home Value	$811,694
Average Home Value	$924,487