24 Good StPhiladelphiaPA19119
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 24 Good St, Philadelphia, PA, 19119 in Philadelphia worth modelling. At $265,000 with a 8.45% gross yield, the $1,866/mo rent leaves $130/mo after the $1,192/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.57 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $73,215 by year five; $2,441/yr in principal reduction adds further equity. Total projected return: $109,231.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.8% |
| Monthly Cash Flow | $130 | $850 |
City averages based on Philadelphia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,866 |
| Total Monthly Debt Service | $1,631 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19119, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,044 (100%) |
| Owner Occupied HU | 7,322 (56.1%) |
| Renter Occupied HU | 4,750 (36.4%) |
| Vacant Housing Units | 972 ( 7.5%) |
| Median Home Value | $387,607 |
| Average Home Value | $448,192 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
9,666
Multi-Family
2,962
Businesses
430
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
Single Family
Built in 1925
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19119, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,044 (100%) |
| Owner Occupied HU | 7,322 (56.1%) |
| Renter Occupied HU | 4,750 (36.4%) |
| Vacant Housing Units | 972 ( 7.5%) |
| Median Home Value | $387,607 |
| Average Home Value | $448,192 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
9,666
Multi-Family
2,962
Businesses
430
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Hahn • Space & Company
Mls Name: Bright MLS
Mls ID: #PAPH2556116