1420 Locust St APT 8OPhiladelphiaPA19102
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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 8O, Philadelphia, PA, 19102 offers a 9.37% rental yield on a $297,500 purchase with $2,322/mo rent. Total monthly income registers $2,322/mo, and a $1,456/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,472/yr on $98,621 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $1,920/yr while 5% annual appreciation supports $82,194 over five years. Portfolio math shows five-year ROI at 127.63% and total cumulative return in cash at $125,875. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,322/mo property income against a $1,456/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: #PAPH2571588