1602 Ridge AvePhiladelphiaPA19130
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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 1602 Ridge Ave, Philadelphia, PA, 19130 offers a 3.23% rental yield on a $1,150,000 purchase with $3,100/mo rent. 08% in year one. Equity gained on principal adds $7,421/yr while 5% annual appreciation supports $317,724 over five years. Portfolio math shows five-year ROI at 29.08% and total cumulative return in cash at $108,369. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,100/mo property income against a $5,629/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
1,277 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19130, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,828 (100%) |
| Owner Occupied HU | 6,253 (33.2%) |
| Renter Occupied HU | 11,027 (58.6%) |
| Vacant Housing Units | 1,548 ( 8.2%) |
| Median Home Value | $561,193 |
| Average Home Value | $603,498 |
Housing Distribution
Address Breakdown
Residential
17,428
Single Family
7,172
Multi-Family
10,256
Businesses
784
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Listed by: Zahra Saeed • Compass RE
Mls Name: Bright MLS
Mls ID: #PAPH2534912