Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
11
Values up 2%, ARV hits $282K
Updated 6 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
The property at 1010 Race Street shows strong rental promise with a projected monthly income between $1,702 and $2,058. This range reflects current market demand for similar units, positioning this condo as a solid income generator. With an estimated gross yield of approximately 18.5%, this investment offers significant potential for steady cash flow. The data suggests that capitalizing on these market rates could yield a very favorable return on your investment.
More about this home
Neighborhood Assessment
Philly's Chinatown at 1010 Race St APT 5I sits in a prime spot—super walkable to restaurants, markets, and the Convention Center. You've got that vibrant urban buzz with easy SEPTA access and nearby Jefferson Hospital. Solid elementary school (8/10 rating) nearby, though high school lags at 2/10. Comp sales in the building range $122K-$180K for similar 1-bed condos around 665 sqft—steady demand here, you know? Recent price drops from $155K to $122K after 200+ days show softening, but Zestimate's $116K suggests room if priced right. HOA at $720/mo covers maintenance—decent for location.
Market Activity
+ Ask a question in the app
1010 Race St APT 5I, Philadelphia Investment Report: Flip & Rental Analysis · Frontflip
Rental Income
$23K
Yield
18.5%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Modernizing a home creates a fresh, inviting atmosphere that resonates with buyers. Updated properties command a higher price per square foot at 408 dollars compared to the 392 dollar neighborhood baseline, representing an approximate 4 percent increase. Upgrading your space is a fantastic way to elevate your lifestyle and future value. With sell potential reaching 282,000 dollars and solid rent prospects, these improvements help your property shine, ensuring it remains highly desirable for years.
Value Add
$10K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property presents a solid BRR opportunity with a projected post-renovation value between $252,000 and $279,000. Leveraging the 665 square foot layout at these price points provides a stable foundation for long-term equity growth in this market. Monthly rental income is estimated at $1,819, delivering an attractive 8.2% yield. These metrics suggest reliable cash flow, making the asset an appealing choice for investors seeking a balance between renovation upside and consistent rental performance.
Rental Income
$22K
Yield
8.2%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Asking price
$119K
$69K below comp median
Comparative Market Analysis
$140K – $320K
~53 days to sell
Based on 8 comps