616 W Walnut StPerkasiePA18944
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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 Perkasie at 616 W Walnut St, Perkasie, PA, 18944 offers a 8.05% rental yield on a $319,900 purchase with $2,146/mo rent. Total monthly income registers $2,146/mo, and a $1,566/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $594/yr on $106,047 to close, and return on cash invested stands at 20.47% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 106.34% and total cumulative return in cash at $112,772. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,146/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1910
8,236 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18944, Perkasie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,335 (100%) |
| Owner Occupied HU | 8,078 (78.2%) |
| Renter Occupied HU | 1,941 (18.8%) |
| Vacant Housing Units | 316 ( 3.1%) |
| Median Home Value | $496,591 |
| Average Home Value | $564,677 |
Housing Distribution
Address Breakdown
Residential
9,975
Single Family
9,757
Multi-Family
218
Businesses
388
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Listed by: Michael Antonucci • RE/MAX 440 - Perkasie
Mls Name: Bright MLS
Mls ID: #PABU2095830