2429 Locust St #318PhiladelphiaPA19103
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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 2429 Locust St #318, Philadelphia, PA, 19103 earns $220/mo cash flow from $2,314/mo rent with a $1,564/mo payment. Total monthly income totals $2,314/mo, and annual cash flow totals $2,642/yr on $105,914 capital. ROI tracks 22.4% on current figures, and rental yield reads 8.69% at a $319,500 purchase. Equity gained on principal adds $2,062/yr, and 5% annual appreciation supports $88,272 over five years. Five-year ROI reaches 116.73% and total cumulative return in cash sums $123,638. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,314/mo property income instead of your personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19103, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,227 (100%) |
| Owner Occupied HU | 6,130 (27.6%) |
| Renter Occupied HU | 13,428 (60.4%) |
| Vacant Housing Units | 2,669 (12.0%) |
| Median Home Value | $615,409 |
| Average Home Value | $748,307 |
Housing Distribution
Address Breakdown
Residential
20,720
Single Family
2,282
Multi-Family
18,438
Businesses
2,556
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Listed by: Eric Feinberg • Keller Williams Realty Group
Mls Name: Bright MLS
Mls ID: #PAPH2537150