309 Florence Ave APT 329NJenkintownPA19046
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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 APT 329N, Jenkintown, PA, 19046 offers a 9.54% rental yield on a $199,900 purchase with $1,589/mo rent. Total monthly income registers $1,589/mo, and a $978/mo payment leaves $280/mo available for distribution. Annual cash flow reaches $3,354/yr on $66,267 to close, and return on cash invested stands at 24.97% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 130.49% and total cumulative return in cash at $86,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,589/mo property income against a $978/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: Joey Fang • Canaan Realty Investment Group
Mls Name: Bright MLS
Mls ID: #PAMC2165536