1102 N 2nd St #BPhiladelphiaPA19123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1102 N 2nd St #B, Philadelphia, PA, 19123 uses $185,852 cash to close to unlock $4,094/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $4,043/mo, and a $2,765/mo payment keeps the spread at $341/mo. Purchase price stands at $564,900, and rental yield measures 8.59% with $4,043/mo rent. Return on cash invested shows 22.26% in year one, and 5% annual appreciation builds toward $156,071 over five years. Five-year ROI reaches 115.94% and total cumulative return in cash records $215,468. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,043/mo property income covering a $2,765/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19123, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,781 (100%) |
| Owner Occupied HU | 4,026 (27.2%) |
| Renter Occupied HU | 8,499 (57.5%) |
| Vacant Housing Units | 2,256 (15.3%) |
| Median Home Value | $577,041 |
| Average Home Value | $603,516 |
Housing Distribution
Address Breakdown
Residential
12,412
Single Family
5,649
Multi-Family
6,763
Businesses
1,043
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen Kennedy • KW Empower
Mls Name: Bright MLS
Mls ID: #PAPH2538586