615 E Oak 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
Investment property for sale in Norristown at 615 E Oak St, Norristown, PA, 19401 uses $89,472 cash to close to unlock $2,021/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,937/mo, and a $1,321/mo payment keeps the spread at $168/mo. Purchase price stands at $269,900, and rental yield measures 8.61% with $1,937/mo rent. Return on cash invested shows 22.17% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 115.47% and total cumulative return in cash records $103,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,937/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Townhouse
Built in 1925
3,000 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: Branka Saula • KW Greater West Chester
Mls Name: Bright MLS
Mls ID: #PAMC2156394