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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Norristown at 627 N Forrest Ave, Norristown, PA, 19403 priced at $289,000 converts $2,023/mo rent into $129/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,023/mo, and annual cash flow totals $1,545/yr on $95,804 invested. Return on cash invested prints 21.52% in year one, and rental yield reads 8.4% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 111.97% and total cumulative return in cash sums $107,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,023/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1926
3,900 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19403, Norristown, PA area.
| 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 |
Residential
19,236
Single Family
15,917
Multi-Family
3,319
Businesses
903
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bob Kliamovich • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #PAMC2163142
