1603 Colima RdPhiladelphiaPA19115
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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 1603 Colima Rd, Philadelphia, PA, 19115 uses $119,307 cash to close to unlock $9,350/yr annual cash flow and $779/mo monthly cash flow. Total monthly income runs $3,138/mo, and a $1,762/mo payment keeps the spread at $779/mo. Purchase price stands at $359,900, and rental yield measures 10.46% with $3,138/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 145.38% and total cumulative return in cash records $173,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,138/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,847 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19115, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,212 (100%) |
| Owner Occupied HU | 8,261 (58.1%) |
| Renter Occupied HU | 5,528 (38.9%) |
| Vacant Housing Units | 423 ( 3.0%) |
| Median Home Value | $354,473 |
| Average Home Value | $387,301 |
Housing Distribution
Address Breakdown
Residential
14,492
Single Family
10,024
Multi-Family
4,468
Businesses
875
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Listed by: Mary Jo Potts • Elfant Wissahickon-Mt Airy
Mls Name: Bright MLS
Mls ID: #PAPH2544600