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Archived over 5 years ago

$55,000

3 bd 1 ba 1280 sqft

50XX Gransback, Philadelphia, PA 19120

Residential SFR

Current Rent **

$1,150

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Sam F.

OFF MARKET OLNEY PROPERTY

We are a 3 bedroom 1 bathroom, 1,280sqft property on a 16x64 lot. This property requires a full cosmetic rehab as well as updated mechanicals. This property will sell from 130k-160k depending on the work you do, here are comps -

SET 5016 Bingham was a 3/1 that sold for 120k at 105% ask after 3 days on market (no central air, has finished basement)4853 D st was a 3/2 that sold for 130k at 100% ask after 15 days on market (no central air, no finished basement)PEN5031 Boudinot was a 3/2 that sold for 160k after 9 days on market (has central air and finished basement)If you go all out with this rehab (finish basement, add AC, add bathroom) this property should sell at that 160k mark, if you do a quick basic rehab you will get 130k all day. This property rents for $1,150 a month and rent prices are up $100 on average from last year. 

Location:

50XX Gransback, Philadelphia, PA 19120

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.