1010 Race St #6KPhiladelphiaPA19107
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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 Philadelphia at 1010 Race St #6K, Philadelphia, PA, 19107 uses $43,924 cash to close to unlock $1,755/yr annual cash flow and $146/mo monthly cash flow. Total monthly income runs $1,015/mo, and a $649/mo payment keeps the spread at $146/mo. Purchase price stands at $132,500, and rental yield measures 9.19% with $1,015/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $36,607 over five years. Five-year ROI reaches 124.84% and total cumulative return in cash records $54,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,015/mo property income covering a $649/mo payment rather than investor’s personal income.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19107, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,060 (100%) |
| Owner Occupied HU | 1,628 (13.5%) |
| Renter Occupied HU | 8,584 (71.2%) |
| Vacant Housing Units | 1,848 (15.3%) |
| Median Home Value | $556,796 |
| Average Home Value | $648,338 |
Housing Distribution
Address Breakdown
Residential
10,846
Single Family
1,500
Multi-Family
9,346
Businesses
2,322
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Listed by: Dave Sneeringer • RE/MAX Ready
Mls Name: Bright MLS
Mls ID: #PAPH2563196