406 N 38th StPhiladelphiaPA19104
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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 406 N 38th St, Philadelphia, PA, 19104 generates $2,487/mo in rent and, after a $1,762/mo payment, leaves $128/mo in cash flow. Total monthly income is $2,487/mo, and annual cash flow is $1,536/yr on $119,340 invested. Return on cash invested sits at 21.2% in year one, and rental yield is 8.29% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 110.2% and total cumulative return in cash sums $131,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,487/mo property income rather than buyer’s personal income.
Townhouse
Built in 1940
960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19104, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,594 (100%) |
| Owner Occupied HU | 3,336 (12.5%) |
| Renter Occupied HU | 19,536 (73.5%) |
| Vacant Housing Units | 3,722 (14.0%) |
| Median Home Value | $298,457 |
| Average Home Value | $372,932 |
Housing Distribution
Address Breakdown
Residential
25,141
Single Family
9,688
Multi-Family
15,453
Businesses
1,522
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Listed by: Christos Tzimoulis • New Age Realty Group Inc
Mls Name: Bright MLS
Mls ID: #PAPH2564796