617 Glen Ln #58BNorristownPA19403
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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 617 Glen Ln #58B, Norristown, PA, 19403 offers a 8.34% rental yield on a $219,000 purchase with $1,522/mo rent. Total monthly income registers $1,522/mo, and a $1,072/mo payment leaves $87/mo available for distribution. Annual cash flow reaches $1,042/yr on $72,599 to close, and return on cash invested stands at 21.34% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 111.01% and total cumulative return in cash at $80,589. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,522/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19403, Norristown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,698 (100%) |
| Owner Occupied HU | 14,128 (71.7%) |
| Renter Occupied HU | 4,723 (24.0%) |
| Vacant Housing Units | 847 ( 4.3%) |
| Median Home Value | $454,144 |
| Average Home Value | $498,387 |
Housing Distribution
Address Breakdown
Residential
19,236
Single Family
15,917
Multi-Family
3,319
Businesses
903
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Listed by: Sloan Coletta • Realty One Group Restore - Collegeville
Mls Name: Bright MLS
Mls ID: #PAMC2165460