510 Washington PlWaynePA19087
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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
Investment property for sale in Wayne at 510 Washington Pl, Wayne, PA, 19087 listed at $359,500 pairs $2,458/mo rent with a $1,760/mo payment to leave $102/mo cash flow. Total monthly income runs $2,458/mo, and annual cash flow reaches $1,222/yr on $119,174 cash to close. Return on cash invested measures 20.93% in year one, and rental yield registers 8.2% at a $359,500 basis. Equity gained on principal adds $2,320/yr, and annual property appreciation at 5% supports $99,323 by year five. Five-year ROI tracks 108.82% and total cumulative return in cash totals $129,680. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,458/mo property income relative to a $1,760/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
1,050 sqft 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: John Collins • RE/MAX Main Line - Devon
Mls Name: Bright MLS
Mls ID: #PACT2116616