500 E Lancaster Ave UNIT 126AWaynePA19087
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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 Wayne at 500 E Lancaster Ave UNIT 126A, Wayne, PA, 19087 generates $2,258/mo in rent and, after a $1,566/mo payment, leaves $161/mo in cash flow. Total monthly income is $2,258/mo, and annual cash flow is $1,936/yr on $106,080 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.47% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 113.13% and total cumulative return in cash sums $120,003. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,258/mo property income rather than buyer’s personal income.
Condo
Built in 1951
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19087, Wayne, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,750 (100%) |
| Owner Occupied HU | 9,865 (71.7%) |
| Renter Occupied HU | 3,060 (22.3%) |
| Vacant Housing Units | 825 ( 6.0%) |
| Median Home Value | $760,866 |
| Average Home Value | $824,340 |
Housing Distribution
Address Breakdown
Residential
12,978
Single Family
11,003
Multi-Family
1,975
Businesses
1,664
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Listed by: Dan Spirer • BHHS Fox & Roach-New Hope
Mls Name: Bright MLS
Mls ID: #PADE2102444