242 Locust StPhiladelphiaPA19106
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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 242 Locust St, Philadelphia, PA, 19106 priced at $1,899,000 converts $5,179/mo rent into after a $9,295/mo obligation. Total monthly income equals $5,179/mo. Return on cash invested prints 6.2% in year one, and rental yield reads 3.27% against a $1,899,000 entry. Equity gained on principal adds $12,254/yr, while 5% annual appreciation compiles into $524,659 by year five. Five-year ROI reaches 29.72% and total cumulative return in cash sums $182,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,179/mo property income covering a $9,295/mo payment, not borrower’s personal income.
Townhouse
Built in 1970
3.31 Acres 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
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Listed by: Matthew Condello • BHHS Fox & Roach-Blue Bell
Mls Name: Bright MLS
Mls ID: #PAPH2563758