124 N 2nd St #4PhiladelphiaPA19106
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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 124 N 2nd St #4, Philadelphia, PA, 19106 offers a 3.43% rental yield on a $1,950,000 purchase with $5,579/mo rent. 7% in year one. Equity gained on principal adds $12,583/yr while 5% annual appreciation supports $538,749 over five years. Portfolio math shows five-year ROI at 32.38% and total cumulative return in cash at $204,605. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,579/mo property income against a $9,544/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19106, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,104 (100%) |
| Owner Occupied HU | 3,600 (35.6%) |
| Renter Occupied HU | 5,442 (53.9%) |
| Vacant Housing Units | 1,062 (10.5%) |
| Median Home Value | $602,253 |
| Average Home Value | $691,668 |
Housing Distribution
Address Breakdown
Residential
9,551
Single Family
1,707
Multi-Family
7,844
Businesses
1,654
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Listed by: Billy Walsh • KW Empower
Mls Name: Bright MLS
Mls ID: #PAPH2516962