2423 S Millick StPhiladelphiaPA19142
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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
Investment property for sale in Philadelphia at 2423 S Millick St, Philadelphia, PA, 19142 uses $56,355 cash to close to unlock $4,633/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $832/mo payment keeps the spread at $386/mo. Purchase price stands at $170,000, and rental yield measures 10.59% with $1,500/mo rent. Return on cash invested shows 28.13% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 147.47% and total cumulative return in cash records $83,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $832/mo payment rather than investor’s personal income.
Townhouse
Built in 1925
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19142, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,919 (100%) |
| Owner Occupied HU | 4,934 (45.2%) |
| Renter Occupied HU | 4,751 (43.5%) |
| Vacant Housing Units | 1,234 (11.3%) |
| Median Home Value | $118,617 |
| Average Home Value | $191,888 |
Housing Distribution
Address Breakdown
Residential
10,544
Single Family
10,347
Multi-Family
197
Businesses
697
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Listed by: Monique Perri • KW Empower
Mls Name: Bright MLS
Mls ID: #PAPH2562826