5 Patterson AveNorristownPA19401
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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 5 Patterson Ave, Norristown, PA, 19401 priced at $299,500 pairs $2,034/mo rent with $71/mo cash flow after a $1,466/mo payment. Total monthly income equals $2,034/mo, and annual cash flow comes to $856/yr on $99,284 invested. Return on cash invested is 20.77% in year one, and rental yield stands at 8.15% on a $299,500 basis. Equity gained on principal adds $1,933/yr, and 5% annual appreciation accumulates to $82,746 by year five. Five-year ROI measures 107.97% and total cumulative return in cash reaches $107,195. For financing, Ziffy Mortgage’s DSCR program evaluates $2,034/mo property income against a $1,466/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,689
Single Family
13,656
Multi-Family
3,033
Businesses
1,289
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Listed by: George Korkus Jr • Realty Mark Associates - KOP
Mls Name: Bright MLS
Mls ID: #PAMC2162142