318 W Springfield AvePhiladelphiaPA19118
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play318 W Springfield Ave, Philadelphia, PA, 19118 in Philadelphia is priced for appreciation, not yield. Rental yield 5.98%. At $950,000 with a 5.98% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $262,467 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.11) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $265,707.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 5.8% |
| Monthly Cash Flow | $(1,492) | $850 |
City averages based on Philadelphia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,733 |
| Total Monthly Debt Service | $5,847 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1885
6,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19118, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,854 (100%) |
| Owner Occupied HU | 2,265 (46.7%) |
| Renter Occupied HU | 2,245 (46.3%) |
| Vacant Housing Units | 344 ( 7.1%) |
| Median Home Value | $641,678 |
| Average Home Value | $768,092 |
Housing Distribution
Address Breakdown
Residential
4,581
Single Family
3,189
Multi-Family
1,392
Businesses
587
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
Single Family
Built in 1885
6,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19118, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,854 (100%) |
| Owner Occupied HU | 2,265 (46.7%) |
| Renter Occupied HU | 2,245 (46.3%) |
| Vacant Housing Units | 344 ( 7.1%) |
| Median Home Value | $641,678 |
| Average Home Value | $768,092 |
Housing Distribution
Address Breakdown
Residential
4,581
Single Family
3,189
Multi-Family
1,392
Businesses
587
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard McIlhenny • RE/MAX Services
Mls Name: Bright MLS
Mls ID: #PAPH2532978