301 S Broad #2302PhiladelphiaPA19107
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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
Rental property for sale in Philadelphia at 301 S Broad #2302, Philadelphia, PA, 19107 generates $2,706/mo in rent, after a $7,782/mo payment. Total monthly income is $2,706/mo. Return on cash invested sits at 2.4% in year one, and rental yield is 2.04% on a $1,590,000 entry. Equity gained on principal adds $10,260/yr, while 5% annual appreciation builds toward $439,288 over five years. Five-year ROI reaches 9.37% and total cumulative return in cash sums $48,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,706/mo property income rather than buyer’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19107, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,060 (100%) |
| Owner Occupied HU | 1,628 (13.5%) |
| Renter Occupied HU | 8,584 (71.2%) |
| Vacant Housing Units | 1,848 (15.3%) |
| Median Home Value | $556,796 |
| Average Home Value | $648,338 |
Housing Distribution
Address Breakdown
Residential
10,846
Single Family
1,500
Multi-Family
9,346
Businesses
2,322
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Listed by: Daxx Hamilton • Dranoff Properties Realty Inc
Mls Name: Bright MLS
Mls ID: #PAPH2482306