309 Florence Ave APT 420JenkintownPA19046
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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 420, Jenkintown, PA, 19046 uses $56,355 cash to close to unlock $2,293/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,305/mo, and a $832/mo payment keeps the spread at $191/mo. Purchase price stands at $170,000, and rental yield measures 9.21% with $1,305/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 125.24% and total cumulative return in cash records $70,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,305/mo property income covering a $832/mo payment rather than investor’s personal income.
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: Bob Raynor • BHHS Fox & Roach-Collegeville
Mls Name: Bright MLS
Mls ID: #PAMC2143274