602 Magee AvePhiladelphiaPA19111
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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 602 Magee Ave, Philadelphia, PA, 19111 listed at $200,000 pairs $1,373/mo rent with a $979/mo payment to leave $62/mo cash flow. Total monthly income runs $1,373/mo, and annual cash flow reaches $748/yr on $66,300 cash to close. Return on cash invested measures 21.04% in year one, and rental yield registers 8.24% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 109.42% and total cumulative return in cash totals $72,548. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,373/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19111, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,600 (100%) |
| Owner Occupied HU | 14,340 (53.9%) |
| Renter Occupied HU | 10,714 (40.3%) |
| Vacant Housing Units | 1,546 ( 5.8%) |
| Median Home Value | $282,972 |
| Average Home Value | $313,932 |
Housing Distribution
Address Breakdown
Residential
24,400
Single Family
20,282
Multi-Family
4,118
Businesses
938
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Listed by: Samantha Sammons • Keller Williams Real Estate-Langhorne
Mls Name: Bright MLS
Mls ID: #PAPH2563276