301 Race St APT 202PhiladelphiaPA19106
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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 301 Race St APT 202, Philadelphia, PA, 19106 uses $104,423 cash to close to unlock $487/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $2,105/mo, and a $1,542/mo payment keeps the spread at $41/mo. Purchase price stands at $315,000, and rental yield measures 8.02% with $2,105/mo rent. Return on cash invested shows 20.38% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 105.84% and total cumulative return in cash records $110,525. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,105/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1870
N/A 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
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Listed by: Asa Kurland • KW Empower
Mls Name: Bright MLS
Mls ID: #PAPH2522434