2061 Independence StPhiladelphiaPA19138
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Philadelphia at 2061 Independence St, Philadelphia, PA, 19138 offers $1,319/mo rent that, after a $808/mo payment, leaves $237/mo cash flow. Total monthly income is $1,319/mo, and annual cash flow is $2,848/yr on $54,698 cash. Return on cash invested measures 25.12% in year one, and rental yield stands at 9.59% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 131.3% and total cumulative return in cash reaches $71,819. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,319/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1920
903 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19138, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,252 (100%) |
| Owner Occupied HU | 8,354 (63.0%) |
| Renter Occupied HU | 3,687 (27.8%) |
| Vacant Housing Units | 1,211 ( 9.1%) |
| Median Home Value | $206,936 |
| Average Home Value | $312,950 |
Housing Distribution
Address Breakdown
Residential
12,652
Single Family
12,155
Multi-Family
497
Businesses
535
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Listed by: Debra Bennett • Leverage Real Estate
Mls Name: Bright MLS
Mls ID: #PAPH2484048