1022 S 2nd St #2PhiladelphiaPA19147
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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
Rental property for sale in Philadelphia at 1022 S 2nd St #2, Philadelphia, PA, 19147 generates $4,211/mo in rent and, after a $2,692/mo payment, leaves $607/mo in cash flow. Total monthly income is $4,211/mo, and annual cash flow is $7,283/yr on $180,950 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 9.19% on a $549,999 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 125.68% and total cumulative return in cash sums $227,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,211/mo property income rather than buyer’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19147, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,039 (100%) |
| Owner Occupied HU | 10,000 (45.4%) |
| Renter Occupied HU | 10,052 (45.6%) |
| Vacant Housing Units | 1,987 ( 9.0%) |
| Median Home Value | $567,746 |
| Average Home Value | $608,850 |
Housing Distribution
Address Breakdown
Residential
19,859
Single Family
15,182
Multi-Family
4,677
Businesses
1,768
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Listed by: Matthew Condello • BHHS Fox & Roach-Blue Bell
Mls Name: Bright MLS
Mls ID: #PAPH2551726