1420 Locust St APT 16CPhiladelphiaPA19102
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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 1420 Locust St APT 16C, Philadelphia, PA, 19102 uses $91,991 cash to close to unlock $8,362/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $2,515/mo, and a $1,358/mo payment keeps the spread at $697/mo. Purchase price stands at $277,500, and rental yield measures 10.88% with $2,515/mo rent. Return on cash invested shows 29% in year one, and 5% annual appreciation builds toward $76,668 over five years. Five-year ROI reaches 152.05% and total cumulative return in cash records $139,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,515/mo property income covering a $1,358/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19102, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,553 (100%) |
| Owner Occupied HU | 911 (16.4%) |
| Renter Occupied HU | 3,869 (69.7%) |
| Vacant Housing Units | 773 (13.9%) |
| Median Home Value | $562,500 |
| Average Home Value | $677,925 |
Housing Distribution
Address Breakdown
Residential
5,522
Single Family
130
Multi-Family
5,392
Businesses
1,288
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Listed by: Allan Domb • Allan Domb Real Estate
Mls Name: Bright MLS
Mls ID: #PAPH2541532