311 Ogden PlSpringfieldPA19064
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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 311 Ogden Pl, Springfield, PA, 19064 offers $2,921/mo rent that, after a $1,958/mo payment, leaves $300/mo cash flow. Total monthly income is $2,921/mo, and annual cash flow is $3,596/yr on $132,600 cash. Return on cash invested measures 22.62% in year one, and rental yield stands at 8.76% at a $399,999 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,512 by year five. Five-year ROI records 117.87% and total cumulative return in cash reaches $156,291. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,921/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
8,276 sqft 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: Mike Mulholland • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #PADE2102658