4440 Griscom St, Philadelphia PA 19124

3 bed/1 bath SFR / 1,539 sq ft / Done & Rented

 

About the project

Built in 1920, this brick single family home is located in the Frankford neighborhood midway between North Philly and Northeast Philly.   It was a total rehab and ready and rented. We believe there is 18% equity built in at closing on this property. With a full 8% Cap Rate and appreciation potential, this is a great addition to your portfolio.

Price:                              $115,000

Renovation:                  $0

Total All In:    $115,000

Rent:                                $1,200/mo

Property Mgmt (10%):   $120

Insurance:                       $59

Taxes:                               $61

Licences:                         $50

Maintenance (5%):         $60

Vacancy (7%):                 $84

Total Expenses:              $434

NOI per month:              $766

Cap Rate:                         8.0%

GRM:                                 7.99

Comps*:                           $141,000

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