1111 Mount Vernon St APT 2PhiladelphiaPA19123
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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 1111 Mount Vernon St APT 2, Philadelphia, PA, 19123 offers a 8.68% rental yield on a $279,900 purchase with $2,024/mo rent. Total monthly income registers $2,024/mo, and a $1,370/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,278/yr on $92,787 to close, and return on cash invested stands at 22.36% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 116.49% and total cumulative return in cash at $108,085. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,024/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1900
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
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Listed by: Steven Osiecki • RE/MAX Access
Mls Name: Bright MLS
Mls ID: #PAPH2562668