604 S Washington Sq APT 1313PhiladelphiaPA19106
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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 604 S Washington Sq APT 1313, Philadelphia, PA, 19106 offers a 9.03% rental yield on a $175,000 purchase with $1,317/mo rent. Total monthly income registers $1,317/mo, and a $857/mo payment leaves $170/mo available for distribution. Annual cash flow reaches $2,037/yr on $58,013 to close, and return on cash invested stands at 23.42% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 122.16% and total cumulative return in cash at $70,867. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,317/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A 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: Carrie Zhao • GE21 Realty
Mls Name: Bright MLS
Mls ID: #PAPH2401692