408 Summit AveFort WashingtonPA19034
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
Investment Highlights
Rental property for sale in Fort Washington at 408 Summit Ave, Fort Washington, PA, 19034 offers $5,412/mo rent that, after a $2,691/mo payment, leaves $1,809/mo cash flow. Total monthly income is $5,412/mo, and annual cash flow is $21,709/yr on $180,917 cash. Return on cash invested measures 32.06% in year one, and rental yield stands at 11.81% at a $549,900 entry. Equity gained on principal adds $3,548/yr while 5% annual appreciation compounds into $151,927 by year five. Five-year ROI records 168.46% and total cumulative return in cash reaches $304,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,412/mo property income versus a $2,691/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19034, Fort Washington, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,426 (100%) |
| Owner Occupied HU | 1,932 (79.6%) |
| Renter Occupied HU | 334 (13.8%) |
| Vacant Housing Units | 160 ( 6.6%) |
| Median Home Value | $616,625 |
| Average Home Value | $672,857 |
Housing Distribution
Address Breakdown
Residential
2,403
Single Family
2,079
Multi-Family
324
Businesses
683
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelby Leight • Keller Williams Realty Group
Mls Name: Bright MLS
Mls ID: #PAMC2152608