5538 Broomall St, Philadelphia, PA 19143

3 bed/1 bath, 1,176 sq ft / Done & Rented

 

About the project

This is a solid brick-front turnkey property in West Philly.  This 1176 square foot single family home has 3 bedrooms and 1 bathroom and was built in 1925. It has recently been renovated and is currently tenanted.  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:                              $125,000

Renovation:                  $0

Total All In:    $125,000

Rent:                                $1,300/mo

Property Mgmt (10%):   $130

Insurance:                       $73

Taxes:                               $75

Licences:                         $25

Maintenance (5%):         $65

Vacancy (7%):                 $91

Total Expenses:              $459

NOI per month:              $841

Cap Rate:                         8.1%

GRM:                                 8.01

Comps*:                           $133,000

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