1515 Locust St UNIT 400PhiladelphiaPA19102
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
Investment Highlights
Investment property for sale in Philadelphia at 1515 Locust St UNIT 400, Philadelphia, PA, 19102 offers a 8.29% rental yield on a $835,000 purchase with $5,765/mo rent. Total monthly income registers $5,765/mo, and a $4,087/mo payment leaves $293/mo available for distribution. Annual cash flow reaches $3,519/yr on $274,715 to close, and return on cash invested stands at 21.34% in year one. Equity gained on principal adds $5,388/yr while 5% annual appreciation supports $230,695 over five years. Portfolio math shows five-year ROI at 110.98% and total cumulative return in cash at $304,876. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,765/mo property income against a $4,087/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1900
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaime Hyman • Compass RE
Mls Name: Bright MLS
Mls ID: #PAPH2553798