524 Norris StNorristownPA19401
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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 524 Norris St, Norristown, PA, 19401 offers $1,362/mo rent that, after a $979/mo payment, leaves $51/mo cash flow. Total monthly income is $1,362/mo, and annual cash flow is $616/yr on $66,300 cash. Return on cash invested measures 20.84% in year one, and rental yield stands at 8.17% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 108.36% and total cumulative return in cash reaches $71,840. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,362/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1825
1,400 sqft 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: Alyce Gerhardt • Keller Williams Liberty Place
Mls Name: Bright MLS
Mls ID: #PAMC2166208