3451 N 3rd St, Philadelphia PA 19140

3 bed/1 bath, 1008 sq ft / Done & Rented

 

About the project

This is a solid turnkey property. It has recently been renovated and is currently tenanted. It is a brick-front 3 bedroom, 1 bathroom row home near Temple Hospital in the Fairhill neighborhood. The open kitchen leads to a lovely fenced rear yard. Upstairs are 3 bedrooms with lots of closet space and 1 full bathroom. Lots of street parking available. Close to public transportation and shopping. With a full 8% Cap Rate and appreciation potential, this is a great addition to your portfolio.

Price:                              $117,600

Renovation:                  $0

Total All In:    $117,600

Rent:                                $1,200/mo

Property Mgmt (10%):   $120

Insurance:                       $73

Taxes:                               $54

Licences:                         $25

Maintenance (5%):         $60

Vacancy (7%):                 $84

Total Expenses:              $416

NOI per month:              $784

Cap Rate:                         8.0%

GRM:                                 8.16

Comps*:                           $118,000

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