241 S 6th St APT 310EPhiladelphiaPA19106
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 241 S 6th St APT 310E, Philadelphia, PA, 19106 in Philadelphia at $342,500 earns $2,318/mo in rent and nets $74/mo after the $1,540/mo payment, a 8.12% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $94,626 over five years. Ziffy Mortgage underwrites this on a 1.51 DSCR without U.S. credit history. With $3,154/yr in principal paydown, total projected return reaches $96,508.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.8% |
| Monthly Cash Flow | $74 | $850 |
City averages based on Philadelphia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,318 |
| Total Monthly Debt Service | $2,753 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19106, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,104 (100%) |
| Owner Occupied HU | 3,600 (35.6%) |
| Renter Occupied HU | 5,442 (53.9%) |
| Vacant Housing Units | 1,062 (10.5%) |
| Median Home Value | $602,253 |
| Average Home Value | $691,668 |
Housing Distribution
Address Breakdown
Residential
9,551
Single Family
1,707
Multi-Family
7,844
Businesses
1,654
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
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19106, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,104 (100%) |
| Owner Occupied HU | 3,600 (35.6%) |
| Renter Occupied HU | 5,442 (53.9%) |
| Vacant Housing Units | 1,062 (10.5%) |
| Median Home Value | $602,253 |
| Average Home Value | $691,668 |
Housing Distribution
Address Breakdown
Residential
9,551
Single Family
1,707
Multi-Family
7,844
Businesses
1,654
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices