2424 Innovator Way #A, Philadelphia, PA, 19146 | $414/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2424 Innovator Way #A, Philadelphia, PA, 19146 | $414/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Philadelphia at 2424 Innovator Way #A, Philadelphia, PA, 19146 priced at $459,000 pairs $3,422/mo rent with $414/mo cash flow after a $2,247/mo payment. Total monthly income equals $3,422/mo, and annual cash flow comes to $4,966/yr on $152,159 invested. Return on cash invested is 23.17% in year one, and rental yield stands at 8.95% on a $459,000 basis. Equity gained on principal adds $2,962/yr, and 5% annual appreciation accumulates to $126,813 by year five. Five-year ROI measures 120.82% and total cumulative return in cash reaches $183,839. For financing, Ziffy Mortgage’s DSCR program evaluates $3,422/mo property income against a $2,247/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2022

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Innovator Village, nestled in the heart of Graduate Hospital! This gated community is home to 82 brand new construction, luxury units featuring top of the line finishes. 2424 Innovator Way Unit A offers everything you could desire in a city Condominium and can be moved intone June. This 1395 SF home features 3 spacious bedrooms, 2 baths, hardwood floors, stainless steel appliances, and an in unit washer/dryer. The beautiful kitchen comes complete with an oversized island with waterfalls countertops, six-burner stove, Samsung appliances and a large pantry. Tucked away upstairs you will find a master bedroom featuring a full ensuite bath. A full sized washer and dryer are conveniently located on the lower level. The lower level also has two additional bedrooms, a full bath, and plenty of room for storage. This home is located on the bustling Washington Ave with easy access to Drexel University, CHOP, Penn University, I76, restaurants, shops, public transportation and much more! Parking Available On Site to Lease for $300/month with Acceptable Offer

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