2301 Cherry St APT 3O, Philadelphia, PA, 19103 | $98/mo Cash Flow

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2301 Cherry St APT 3O, Philadelphia, PA, 19103 | $98/mo Cash Flow | Ziffy

Off market

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 2301 Cherry St APT 3O, Philadelphia, PA, 19103 earns $98/mo cash flow from $3,352/mo rent with a $1,720/mo payment. Total monthly income totals $3,352/mo, and annual cash flow totals $1,179/yr on $116,489 capital. ROI tracks 20.92% on current figures, and rental yield reads 11.45% at a $351,400 purchase. Equity gained on principal adds $2,268/yr, and 5% annual appreciation supports $97,085 over five years. Five-year ROI reaches 112.31% and total cumulative return in cash sums $130,833. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,352/mo property income instead of your personal income.

Condo

Built in 1980

1,314 sqft lot

$N/A/sqft

$951 monthly HOA

More details about the property

Sleek and sophisticated courtyard apartment at River's Edge. Over 1300 sq feet of living space, with 2 bedrooms, 2 full bathrooms, private patio, and your own parking space. Entrance hall with coat closet opens to a large living room with wood burning fireplace, and an XL patio just through the sliding glass doors. The architecturally interesting, tri-level layout gives each bedroom privacy and plenty of natural light throughout. The contemporary kitchen is well equipped with high-end stainless appliances, and a separate dining area with large greenhouse window provides terrific natural light and views of downtown. There are new sliding windows throughout. The top of the building offers one of the best sundecks in the city with views as far as the eyes can see, perfect for sun worshipping or watching the museum fireworks. Super convenient location- close to SEPTA, Trader Joe's, 30th St Station, Univ City, and more. 2019-02-28

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