340 Locust RdGlensidePA19038
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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 Glenside at 340 Locust Rd, Glenside, PA, 19038 uses $165,750 cash to close to unlock $2,458/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $3,481/mo, and a $2,447/mo payment keeps the spread at $205/mo. Purchase price stands at $500,000, and rental yield measures 8.35% with $3,481/mo rent. Return on cash invested shows 21.39% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 111.27% and total cumulative return in cash records $184,424. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,481/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19038, Glenside, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,145 (100%) |
| Owner Occupied HU | 9,486 (78.1%) |
| Renter Occupied HU | 2,199 (18.1%) |
| Vacant Housing Units | 460 ( 3.8%) |
| Median Home Value | $452,661 |
| Average Home Value | $516,122 |
Housing Distribution
Address Breakdown
Residential
11,881
Single Family
11,188
Multi-Family
693
Businesses
976
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Listed by: Neil DiFranco • Elfant Wissahickon-Chestnut Hill
Mls Name: Bright MLS
Mls ID: #PAMC2152792