3259 Joyce St, Philadelphia PA 19134

3 bed/1 bath, 762 sq ft / Done & Rented

 

About the project

This is a solid turnkey property. It has recently been renovated and is currently tenanted. This is a brick-front single family home in the Harrowgate neighborhood that contains 762 sq ft and was built in 1938. It contains 3 bedrooms and 1 bathroom.  With a full 8% Cap Rate and appreciation potential, this is a great addition to your portfolio.

Price:                              $117,000

Renovation:                  $0

Total All In:    $117,000

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:                         8.0%

GRM:                                 8.12

Comps*:                           $120,000

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