1148 N 2nd St #5FPhiladelphiaPA19123
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 1148 N 2nd St #5F, Philadelphia, PA, 19123 in Philadelphia at $555,600. Rental yield 7.1%. The 7.1% yield and 1.32 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $153,502 by year five, and $5,117/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $188,817.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 5.8% |
| Monthly Cash Flow | $(606) | $850 |
City averages based on Philadelphia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,287 |
| Total Monthly Debt Service | $3,420 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 2021
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
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
Apartment
Built in 2021
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: Ricky Zhang • Home Vista Realty
Mls Name: Bright MLS
Mls ID: #PAPH2576824