7900 Old York Rd APT 702BElkins ParkPA19027
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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 Elkins Park at 7900 Old York Rd APT 702B, Elkins Park, PA, 19027 uses $66,267 cash to close to unlock $2,718/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $1,536/mo, and a $978/mo payment keeps the spread at $227/mo. Purchase price stands at $199,900, and rental yield measures 9.22% with $1,536/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 125.35% and total cumulative return in cash records $83,065. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,536/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19027, Elkins Park, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,693 (100%) |
| Owner Occupied HU | 5,206 (59.9%) |
| Renter Occupied HU | 2,955 (34.0%) |
| Vacant Housing Units | 532 ( 6.1%) |
| Median Home Value | $463,830 |
| Average Home Value | $497,950 |
Housing Distribution
Address Breakdown
Residential
8,438
Single Family
7,124
Multi-Family
1,314
Businesses
724
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Listed by: Frank Blumenthal • Keller Williams Real Estate Tri-County
Mls Name: Bright MLS
Mls ID: #PAMC2166226