257 N 2nd St APT 401, Philadelphia, PA, 19106 | $1,535/mo Cash Flow

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257 N 2nd St APT 401, Philadelphia, PA, 19106 | $1,535/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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 257 N 2nd St APT 401, Philadelphia, PA, 19106 generates $6,450/mo in rent and, after a $3,671/mo payment, leaves $1,535/mo in cash flow. Total monthly income is $6,450/mo, and annual cash flow is $18,423/yr on $246,750 invested. Return on cash invested sits at 27.53% in year one, and rental yield is 10.32% on a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 144.15% and total cumulative return in cash sums $355,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,450/mo property income rather than buyer’s personal income.

Condo

Built in 2009

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this sophisticated 3-bedroom, 3-bathroom residence offering 2,386 sq ft of modern living in the heart of Old City. The open floor plan showcases hardwood floors, soaring floor-to-ceiling windows, and a private balcony that fills the space with natural light. The gourmet kitchen is an entertainers dream, featuring an oversized island, Wolf stainless steel appliances, and marble countertops, all overlooking the expansive living and dining areas. The luxurious primary suite boasts a spacious walk-in closet and spa-like ensuite bath with double vanity and oversized walk-in shower. A second bedroom offers a built-in desk and drawers plus a private ensuite with a bathtub, while a third bedroom, a full bath, and a laundry room complete the home. Additional highlights include one deeded parking spot in a gated lot and access to a spectacular rooftop deck with panoramic city views. Located in the desirable McCall School catchment, just steps from Wood Street Park, Morgans Pier, and the waterfront, with easy access to I-95 and a quick commute to Center City. Dont miss this exceptional opportunity to own in one of Philadelphias most vibrant neighborhoods!

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