3456 E St, Philadelphia, PA 19134

3 bed/1 bath, 980 sq ft / Done & Rented

 

About the project

This is a solid brick-front turnkey property in the Harrowgate neighborhood, built in 1932 that has recently been renovated and is currently tenanted. E St, Philadelphia is a single family home that contains 980 sq ft. It contains 3 bedrooms and 1 bathroom. 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:                              $120,000

Renovation:                  $0

Total All In:    $120,000

Rent:                                $1,200/mo

Property Mgmt (10%):   $120

Insurance:                       $73

Taxes:                               $32

Licences:                         $25

Maintenance (5%):         $60

Vacancy (7%):                 $84

Total Expenses:              $394

NOI per month:              $806

Cap Rate:                         8.1%

GRM:                                 8.33

Comps*:                           $122,000

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