6231 N Gratz St, Philadelphia, PA 19141

3 bed/1 bath SFR / 1,024 sq ft / Done & Rented

 

About the project

This home has everything you can ask for and more. Great location, it is located between Ogontz and West Oak Lane to the east of East Germantown. It has an open floor plan, walkout basement, and large kitchen area with rear entry to back patio and driveway. Renovated and tenanted, we believe there is 16% equity built in at closing on this property. With a full 7.83% Cap Rate and appreciation potential, this is a great addition to your portfolio.

Price:                              $130,000

Renovation:                  $0

Total All In:    $130,000

Rent:                                $1,350/mo

Property Mgmt (10%):   $135

Insurance:                       $58

Taxes:                               $97

Licences:                         $50

Maintenance (5%):         $68

Vacancy (7%):                 $94

Total Expenses:              $502

NOI per month:              $848

Cap Rate:                         7.83%

GRM:                                 8.02

Comps*:                           $155,000

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