440 Rittenhouse BlvdNorristownPA19403
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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 Norristown at 440 Rittenhouse Blvd, Norristown, PA, 19403 priced at $739,900 converts $3,600/mo rent into after a $3,621/mo obligation. Total monthly income equals $3,600/mo. Return on cash invested prints 13.91% in year one, and rental yield reads 5.84% against a $739,900 entry. Equity gained on principal adds $4,774/yr, while 5% annual appreciation compiles into $204,421 by year five. Five-year ROI reaches 71.1% and total cumulative return in cash sums $173,067. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $3,621/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.53 Acres 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
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Listed by: Pam Butera • Keller Williams Real Estate-Blue Bell
Mls Name: Bright MLS
Mls ID: #PAMC2162554