2058 Wilmot St, Philadelphia, PA 19124

3 bed/1 bath, 1,120 sq ft / Done & Rented

 

About the project

This is a solid brick-front turnkey property built in 1925 that has recently been renovated and is currently tenanted. It is a row house in North Philly featuring 3 bedrooms and 1 bathroom. The home includes new carpets throughout and laminate floors in the kitchen. Lots of street parking available. Close to public transportation and shopping.  With a full 8.1% Cap Rate and appreciation potential, this is a great addition to your portfolio.

Price:                              $115,000

Renovation:                  $0

Total All In:    $115,000

Rent:                                $1,200/mo

Property Mgmt (10%):   $120

Insurance:                       $73

Taxes:                               $60

Licences:                         $25

Maintenance (5%):         $60

Vacancy (7%):                 $84

Total Expenses:              $422

NOI per month:              $778

Cap Rate:                         8.1%

GRM:                                 7.99

Comps*:                           $122,400

* Comps are NOT a guarantee, but an estimation of after repair value (ARV)