2306 Alter StPhiladelphiaPA19146
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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
Rental property for sale in Philadelphia at 2306 Alter St, Philadelphia, PA, 19146 generates $4,553/mo in rent and, after a $3,042/mo payment, leaves $480/mo in cash flow. Total monthly income is $4,553/mo, and annual cash flow is $5,764/yr on $204,474 invested. Return on cash invested sits at 22.88% in year one, and rental yield is 8.79% on a $621,500 entry. Equity gained on principal adds $4,010/yr, while 5% annual appreciation builds toward $171,709 over five years. Five-year ROI reaches 119.23% and total cumulative return in cash sums $243,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,553/mo property income rather than buyer’s personal income.
Townhouse
Built in 2015
721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19146, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,243 (100%) |
| Owner Occupied HU | 10,245 (44.1%) |
| Renter Occupied HU | 10,161 (43.7%) |
| Vacant Housing Units | 2,837 (12.2%) |
| Median Home Value | $515,279 |
| Average Home Value | $560,784 |
Housing Distribution
Address Breakdown
Residential
21,414
Single Family
17,485
Multi-Family
3,929
Businesses
973
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Listed by: Ashley Lauren Farnschlader • Compass RE
Mls Name: Bright MLS
Mls ID: #PAPH2554424