401 W Logan St, Norristown, PA, 19401 | $430/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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401 W Logan St, Norristown, PA, 19401 | $430/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Norristown at 401 W Logan St, Norristown, PA, 19401 priced at $350,000 converts $2,723/mo rent into $430/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,723/mo, and annual cash flow totals $5,155/yr on $116,025 invested. Return on cash invested prints 24.35% in year one, and rental yield reads 9.34% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 127.15% and total cumulative return in cash sums $147,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,723/mo property income covering a $1,713/mo payment, not borrower’s personal income.

Multi Family

Built in 1960

3,504 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome To 401 W Logan St! This charming, brick twin-duplex witha finishedbasement is located just blocks from the Elmwood Park Zoo and is in excellent shape - providing plenty of options for the next owner! The first floor unit features lovely hardwood flooring. Heading through the kitchen, you will find 2 spacious bedrooms and a full hall bathroom. The 2nd floor unit, which also contains 2 bedrooms and a full bath, mirrors the layout to the first floor, simplifying maintenance. Afinished basement (additional live-in suite) provides even more versatility and has a separate designated entrance. Laundry space can be found in another finished section of the basement and can be accessed from each unit. A full Use and Occupancy inspection was completed in 2023 - all electric is up to code,a new chimney liner was installed and the heater certificate was issued. The roof was replaced in 2010 and has been coated and sealed every 2 years. Located just minutes from public transportation and major routes, this convenientlocation gives you easy access to everything you need. Whether it's your first investment, or an addition to your portfolio, don't let this incredible opportunity pass you by!

Neighborhood Data

Neighborhood data shown for ZIP Code: 19401, Norristown, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,024 (100%)
Owner Occupied HU	7,178 (39.8%)
Renter Occupied HU	9,345 (51.8%)
Vacant Housing Units	1,501 ( 8.3%)
Median Home Value	$273,045
Average Home Value	$339,389