36 Penfield AveNorristownPA19403
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 36 Penfield Ave, Norristown, PA, 19403 in Norristown hard to pass up. The 11.13% gross yield on a $355,000 purchase results in $3,292/mo in rent and $965/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.06). Annual cash flow of $11,584, five-year appreciation of $98,080, and $3,270/yr in equity build-up combine for a projected total cumulative return of $197,369.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 4.2% |
| Monthly Cash Flow | $965 | $450 |
City averages based on Norristown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,292 |
| Total Monthly Debt Service | $2,185 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
8,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19403, Norristown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,698 (100%) |
| Owner Occupied HU | 14,128 (71.7%) |
| Renter Occupied HU | 4,723 (24.0%) |
| Vacant Housing Units | 847 ( 4.3%) |
| Median Home Value | $454,144 |
| Average Home Value | $498,387 |
Housing Distribution
Address Breakdown
Residential
19,236
Single Family
15,917
Multi-Family
3,319
Businesses
903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1954
8,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19403, Norristown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,698 (100%) |
| Owner Occupied HU | 14,128 (71.7%) |
| Renter Occupied HU | 4,723 (24.0%) |
| Vacant Housing Units | 847 ( 4.3%) |
| Median Home Value | $454,144 |
| Average Home Value | $498,387 |
Housing Distribution
Address Breakdown
Residential
19,236
Single Family
15,917
Multi-Family
3,319
Businesses
903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beth Ann Bradshaw • Life Changes Realty Group
Mls Name: Bright MLS
Mls ID: #PAMC2148626