423 Spruce StPhiladelphiaPA19106
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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 423 Spruce St, Philadelphia, PA, 19106 with 5% annual appreciation on a $1,395,000 basis while $2,400/mo rent supports operations. 47% in year one. Equity gained on principal adds $9,002/yr, and five-year appreciation sums $385,413 alongside rental yield of 2.06%. Five-year ROI measures 9.72% and total cumulative return in cash totals $43,954. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,400/mo property income versus a $6,828/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1850
2,114 sqft 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: Ksenia Scorsolini • Elfant Wissahickon-Rittenhouse Square
Mls Name: Bright MLS
Mls ID: #PAPH2572602