309 Florence Ave #112JenkintownPA19046
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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 Jenkintown at 309 Florence Ave #112, Jenkintown, PA, 19046 offers a 11.64% rental yield on a $214,000 purchase with $2,075/mo rent. Total monthly income registers $2,075/mo, and a $1,047/mo payment leaves $673/mo available for distribution. Annual cash flow reaches $8,077/yr on $70,941 to close, and return on cash invested stands at 31.29% in year one. Equity gained on principal adds $1,381/yr while 5% annual appreciation supports $59,124 over five years. Portfolio math shows five-year ROI at 164.45% and total cumulative return in cash at $116,663. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,075/mo property income against a $1,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19046, Jenkintown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,533 (100%) |
| Owner Occupied HU | 5,429 (63.6%) |
| Renter Occupied HU | 2,311 (27.1%) |
| Vacant Housing Units | 793 ( 9.3%) |
| Median Home Value | $539,899 |
| Average Home Value | $617,418 |
Housing Distribution
Address Breakdown
Residential
8,569
Single Family
6,049
Multi-Family
2,520
Businesses
1,064
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Listed by: Leslie DiMartile • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PAMC2158570