West Philadelphia 3 bedroom turnkey ready to rent

[Tim DiCicco]

Welcome to this cozy turn key home in West Philadelphia. Close to University City. Ready to rent.

The first floor offers a living room, dining room, and kitchen with new tile. The second floors features three bedrooms, ample closets, new carpeting, ceiling fans in all bedrooms and a full bath. In addition there is a finished basement with a full bath! Lastly the rear yard offers space for outdoor entertaining and those summer BBQ's. Schedule your showing today! 

The numbers are below:

Cash numbers:

Monthly Income: $850.00	Monthly Expenses: $46.33	Monthly Cashflow: $803.67	Pro Forma Cap Rate: 14.27%
NOI: $9,644.00	Total Cash Needed: $67,600.00	Cash on Cash ROI: 14.27%	Purchase Cap Rate: 14.84%

With a 20% down mortgage:

Monthly Income: $850.00	Monthly Expenses: $309.81	Monthly Cashflow: $540.19	Pro Forma Cap Rate: 14.27%
NOI: $9,644.00	Total Cash Needed: $15,600.00	Cash on Cash ROI: 41.55%	Purchase Cap Rate: 14.84%

Total Initial Equity:
$13,000.00

Gross Rent Multiplier:
6.37

Debt Coverage Ratio:

3.05