603 Edison Ave #603BPhiladelphiaPA19116
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 603 Edison Ave #603B, Philadelphia, PA, 19116 in Philadelphia hard to pass up. The 20.58% gross yield on a $135,000 purchase results in $2,315/mo in rent and $1,399/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.81). Annual cash flow of $16,793, five-year appreciation of $37,298, and $1,243/yr in equity build-up combine for a projected total cumulative return of $141,650.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.6% | 5.8% |
| Monthly Cash Flow | $1,399 | $850 |
City averages based on Philadelphia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,315 |
| Total Monthly Debt Service | $862 |
| DSCR Ratio | 2.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1979
1,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19116, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,139 (100%) |
| Owner Occupied HU | 7,925 (56.1%) |
| Renter Occupied HU | 5,772 (40.8%) |
| Vacant Housing Units | 442 ( 3.1%) |
| Median Home Value | $341,832 |
| Average Home Value | $360,989 |
Housing Distribution
Address Breakdown
Residential
13,472
Single Family
11,363
Multi-Family
2,109
Businesses
744
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
Condo
Built in 1979
1,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19116, Philadelphia, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,139 (100%) |
| Owner Occupied HU | 7,925 (56.1%) |
| Renter Occupied HU | 5,772 (40.8%) |
| Vacant Housing Units | 442 ( 3.1%) |
| Median Home Value | $341,832 |
| Average Home Value | $360,989 |
Housing Distribution
Address Breakdown
Residential
13,472
Single Family
11,363
Multi-Family
2,109
Businesses
744
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A