616 E Roberts 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 616 E Roberts St, Norristown, PA, 19401 with 5% annual appreciation on a $224,900 basis while $1,587/mo rent supports operations. Total monthly income totals $1,587/mo and a $1,101/mo payment preserves $113/mo for cash returns. Annual cash flow comes to $1,356/yr on $74,554 deployed, and return on cash invested reaches 21.73% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 8.47%. Five-year ROI measures 113.15% and total cumulative return in cash totals $84,361.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,587/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
3,100 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: Bette McTamney • RE/MAX 440 - Skippack
Mls Name: Bright MLS
Mls ID: #PAMC2166588