1701 Locust St UNIT 1805, Philadelphia, PA, 19103 | $62/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1701 Locust St UNIT 1805, Philadelphia, PA, 19103 | $62/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Philadelphia at 1701 Locust St UNIT 1805, Philadelphia, PA, 19103 offers a 7.99% rental yield on a $575,000 purchase with $3,830/mo rent. Total monthly income registers $3,830/mo, and a $2,814/mo payment leaves $62/mo available for distribution. Annual cash flow reaches $750/yr on $189,175 to close, and return on cash invested stands at 20.46% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,862 over five years. Portfolio math shows five-year ROI at 106.23% and total cumulative return in cash at $200,963. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,830/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1928

N/A lot

$N/A/sqft

No HOA

More details about the property

Luxurious two bedroom, two and a half bathroom showcasing sunrise city views on a high floor of The Warwick! This expansive home boasts hardwood floors and tasteful finishes and features throughout. Enter into a generously combined living and dining room with beautiful ceilings, oversized windows and a large coat closet. The updated kitchen offers white cabinetry, stainless steel appliances, black granite countertops, and a breakfast bar. The lavish primary suite enjoys an incredible custom walk-in closet and ensuite marble-appointed bathroom with a shower/tub and oversized single vanity. The spacious second bedroom has a walk-in closet and ensuite bathroom appointed in marble with stall shower. Additionally, there is a powder room that provides access to the stacked washer/dryer. Residents of The Warwick enjoy the same amenities as hotel guests including 24-hour doorman service, a state-of-the-art fitness room, room service, maid service, valet parking, car service, and the use of three restaurants on the ground floor for additional fees.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19103, Philadelphia, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,227 (100%)
Owner Occupied HU	6,130 (27.6%)
Renter Occupied HU	13,428 (60.4%)
Vacant Housing Units	2,669 (12.0%)
Median Home Value	$615,409
Average Home Value	$748,307