246 Delancey StPhiladelphiaPA19106
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
Investment Highlights
Rental property for sale in Philadelphia at 246 Delancey St, Philadelphia, PA, 19106 offers $2,400/mo rent that, after a $6,094/mo payment. Total monthly income is $2,400/mo. Return on cash invested measures 3.24% in year one, and rental yield stands at 2.31% at a $1,245,000 entry. Equity gained on principal adds $8,034/yr while 5% annual appreciation compounds into $343,971 by year five. Five-year ROI records 13.84% and total cumulative return in cash reaches $55,840. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $6,094/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1767
871 sqft 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
Listed by: Deidre Quinn • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #PAPH2526462