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)