2077 Granite St, Philadelphia PA 19124

3 bed/1 bath SFR / 1,020 sq ft / Done & Ready to rent

 

About the project

This is a brick turnkey property in the Frankford neighborhood in Northeast Philadelphia. Renovated in the past 3 years, this property comes tailored with freshly installed modern amenities suited for individual convenience and comfort. Lots of street parking available. Close to public transportation and shopping.  We believe there is 21% equity built in at closing on this SFR. With a full 7.9% Cap Rate and appreciation potential, this is a great addition to your portfolio. This property has a tenant in place. 

Price:                              $117,500

Renovation:                  $0

Total All In:    $117,500

Rent:                                $1,200/mo

Property Mgmt (10%):   $120

Insurance:                       $58

Taxes:                               $80

Licenses:                         $25

Maintenance (5%):         $60

Vacancy (7%):                 $84

Total Expenses:              $427

NOI per month:              $773

Cap Rate:                         7.9%

GRM:                                 8.16

Comps*:                           $150,000

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