1029-33 Spruce St #307PhiladelphiaPA19107
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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 1029-33 Spruce St #307, Philadelphia, PA, 19107 earns $280/mo cash flow from $2,508/mo rent with a $1,664/mo payment. Total monthly income totals $2,508/mo, and annual cash flow totals $3,362/yr on $112,710 capital. ROI tracks 22.89% on current figures, and rental yield reads 8.85% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 119.36% and total cumulative return in cash sums $134,526. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,508/mo property income instead of your personal income.
Condo
Built in 1900
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: Philip Cavalcanto • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PAPH2562120