1638 N 2nd St APT 1PhiladelphiaPA19122
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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 1638 N 2nd St APT 1, Philadelphia, PA, 19122 earns $522/mo cash flow from $2,815/mo rent with a $1,713/mo payment. Total monthly income totals $2,815/mo, and annual cash flow totals $6,259/yr on $116,025 capital. ROI tracks 25.3% on current figures, and rental yield reads 9.65% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 132.25% and total cumulative return in cash sums $153,446. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,815/mo property income instead of your personal income.
Apartment
Built in 2018
1,035 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19122, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,033 (100%) |
| Owner Occupied HU | 3,702 (28.4%) |
| Renter Occupied HU | 7,172 (55.0%) |
| Vacant Housing Units | 2,159 (16.6%) |
| Median Home Value | $371,249 |
| Average Home Value | $420,725 |
Housing Distribution
Address Breakdown
Residential
12,283
Single Family
7,779
Multi-Family
4,504
Businesses
886
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Listed by: Jim Roche • KW Empower
Mls Name: Bright MLS
Mls ID: #PAPH2578294