1425 Locust St UNIT 21A, Philadelphia, PA, 19102 | 7.06% Rental Yield

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1425 Locust St UNIT 21A, Philadelphia, PA, 19102 | 7.06% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Philadelphia at 1425 Locust St UNIT 21A, Philadelphia, PA, 19102 listed at $420,000 pairs $2,471/mo rent with a $2,056/mo payment. Total monthly income runs $2,471/mo. Return on cash invested measures 17.48% in year one, and rental yield registers 7.06% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 90.32% and total cumulative return in cash totals $125,755. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,471/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

THE CITY BELONGS TO YOU! - Enjoy 180-degree city views from this deluxe corner two bedroom, two and a half bath residence in the sky. This impeccable home boasts 1,590 square feet of exquisite living space and includes a rarely offered additional on site storage space. The living and dining areas feature soaring ceiling heights, gleaming hardwood floors, and expansive windows offering an abundance of natural light and unobscured city views. The chef's kitchen features BOSCH SS appliances, granite counters and a convenient breakfast bar. The master bedroom suite is generously proportioned with multiple exposures and boasts a large walk-in closet, along with a lavish marble bathroom with double sink vanities, a soaking tub and a large glass enclosed slower. The second bedroom offers an unparalleled view of Center City with ample closet space and an attached en-suite bathroom complete with a shower and tub combo. Association fees include a 24-hour concierge, an on-site fitness center, a residents' lounge, a business conference room, a pet spa, and bike storage. Parking is available at several nearby public garages. Perfectly situated in the Rittenhouse/Avenue of the Arts area, this pet-friendly home is just steps away from fine dining, one-of-a kind shopping, world-renowned cultural destinations, and exciting nightlife. All major public transport lines - SEPTA, PATCO, MFL, and BSL - are right at your doorstep! ** Seller will pay the special assessment balance IN FULL at closing.

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