1646 N 62nd StPhiladelphiaPA19151
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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 1646 N 62nd St, Philadelphia, PA, 19151 uses $53,802 cash to close to unlock $12,250/yr annual cash flow and $1,021/mo monthly cash flow. Total monthly income runs $2,084/mo, and a $794/mo payment keeps the spread at $1,021/mo. Purchase price stands at $162,300, and rental yield measures 15.41% with $2,084/mo rent. Return on cash invested shows 42.68% in year one, and 5% annual appreciation builds toward $44,841 over five years. Five-year ROI reaches 225.41% and total cumulative return in cash records $121,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,084/mo property income covering a $794/mo payment rather than investor’s personal income.
Townhouse
Built in 1920
1,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19151, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,244 (100%) |
| Owner Occupied HU | 7,730 (58.4%) |
| Renter Occupied HU | 4,305 (32.5%) |
| Vacant Housing Units | 1,209 ( 9.1%) |
| Median Home Value | $224,170 |
| Average Home Value | $267,717 |
Housing Distribution
Address Breakdown
Residential
12,804
Single Family
11,391
Multi-Family
1,413
Businesses
677
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