979 Edgewood DrSpringfieldPA19064
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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 Springfield at 979 Edgewood Dr, Springfield, PA, 19064 uses $127,628 cash to close to unlock $7,674/yr annual cash flow and $640/mo monthly cash flow. Total monthly income runs $3,162/mo, and a $1,884/mo payment keeps the spread at $640/mo. Purchase price stands at $385,000, and rental yield measures 9.86% with $3,162/mo rent. Return on cash invested shows 25.92% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 135.57% and total cumulative return in cash records $173,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,162/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19064, Springfield, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,075 (100%) |
| Owner Occupied HU | 8,204 (90.4%) |
| Renter Occupied HU | 683 ( 7.5%) |
| Vacant Housing Units | 188 ( 2.1%) |
| Median Home Value | $436,163 |
| Average Home Value | $461,679 |
Housing Distribution
Address Breakdown
Residential
8,974
Single Family
8,669
Multi-Family
305
Businesses
769
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Listed by: Melissa Walter • Compass RE
Mls Name: Bright MLS
Mls ID: #PADE2100810