1707 W Erie AvePhiladelphiaPA19140
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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 1707 W Erie Ave, Philadelphia, PA, 19140 offers a 9.24% rental yield on a $349,500 purchase with $2,692/mo rent. Total monthly income registers $2,692/mo, and a $1,711/mo payment leaves $401/mo available for distribution. Annual cash flow reaches $4,817/yr on $115,859 to close, and return on cash invested stands at 24.07% in year one. Equity gained on principal adds $2,255/yr while 5% annual appreciation supports $96,560 over five years. Portfolio math shows five-year ROI at 125.64% and total cumulative return in cash at $145,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,692/mo property income against a $1,711/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1930
1,566 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19140, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,416 (100%) |
| Owner Occupied HU | 8,647 (38.6%) |
| Renter Occupied HU | 10,488 (46.8%) |
| Vacant Housing Units | 3,281 (14.6%) |
| Median Home Value | $98,038 |
| Average Home Value | $185,799 |
Housing Distribution
Address Breakdown
Residential
19,872
Single Family
18,671
Multi-Family
1,201
Businesses
1,473
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Listed by: Poonam Singhal • VORO Keystone, LLC
Mls Name: Bright MLS
Mls ID: #PAPH2369540