2949 Joey DrPhiladelphiaPA19136
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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 2949 Joey Dr, Philadelphia, PA, 19136 offers a 8.83% rental yield on a $349,900 purchase with $2,576/mo rent. Total monthly income registers $2,576/mo, and a $1,713/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,393/yr on $115,992 to close, and return on cash invested stands at 22.83% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 119% and total cumulative return in cash at $138,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,576/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
2,805 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19136, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,876 (100%) |
| Owner Occupied HU | 7,877 (56.8%) |
| Renter Occupied HU | 5,367 (38.7%) |
| Vacant Housing Units | 632 ( 4.6%) |
| Median Home Value | $229,333 |
| Average Home Value | $273,753 |
Housing Distribution
Address Breakdown
Residential
13,116
Single Family
11,870
Multi-Family
1,246
Businesses
916
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Listed by: Tony Rizzo • RE/MAX 2000
Mls Name: Bright MLS
Mls ID: #PAPH2533256