620 Washington Pl #20WaynePA19087
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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 Wayne at 620 Washington Pl #20, Wayne, PA, 19087 uses $92,820 cash to close to unlock $5,072/yr annual cash flow and $423/mo monthly cash flow. Total monthly income runs $2,257/mo, and a $1,370/mo payment keeps the spread at $423/mo. Purchase price stands at $280,000, and rental yield measures 9.67% with $2,257/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 132.63% and total cumulative return in cash records $123,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,257/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Apartment
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19087, Wayne, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,750 (100%) |
| Owner Occupied HU | 9,865 (71.7%) |
| Renter Occupied HU | 3,060 (22.3%) |
| Vacant Housing Units | 825 ( 6.0%) |
| Median Home Value | $760,866 |
| Average Home Value | $824,340 |
Housing Distribution
Address Breakdown
Residential
12,978
Single Family
11,003
Multi-Family
1,975
Businesses
1,664
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Listed by: Rosie Foster • Compass RE
Mls Name: Bright MLS
Mls ID: #PACT2112502