1931 Spruce St #1CPhiladelphiaPA19103
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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 1931 Spruce St #1C, Philadelphia, PA, 19103 offers a 11.94% rental yield on a $239,999 purchase with $2,388/mo rent. Total monthly income registers $2,388/mo, and a $1,175/mo payment leaves $815/mo available for distribution. Annual cash flow reaches $9,780/yr on $79,560 to close, and return on cash invested stands at 32.2% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,307 over five years. Portfolio math shows five-year ROI at 169.23% and total cumulative return in cash at $134,642. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,388/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1900
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,720
Single Family
2,282
Multi-Family
18,438
Businesses
2,556
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Listed by: Marc Bennett • KW Empower
Mls Name: Bright MLS
Mls ID: #PAPH2560014