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25
Values up to $317K, 40 rentals steady
Updated 6 days ago • 14 new comps
Your Investment Paths
Turnkey Rental
The property at 1010 Race Street shows strong rental promise with a competitive monthly income range between 1,785 and 2,113 dollars. This aligns well with local market trends for similar one-bedroom units in Philadelphia. Investors can expect a healthy yield of approximately 17.3 percent, signaling a solid cash-flow opportunity. With projected annual appreciation of 2,904 dollars, this asset represents a smart, income-generating addition to any real estate portfolio.
More about this home
Neighborhood Assessment
Philly's Chinatown at 1010 Race St APT 5D is prime real estate, you know? Super walkable with killer access to restaurants, SEPTA transit, and Fashion District shopping. Solid 8/10 elementary school nearby, though high school's weaker. Comps in the building sold ~$122K-$180K for 1-beds, averaging $200+/sqft—this 751 sqft unit's priced competitively at $135K after cuts from $185K. Neighborhood's buzzing with urban energy and steady demand. It's got that exposed brick charm, high ceilings, and new central AC drawing natural light on the 5th floor. HOA's $814/mo but you're steps from everything Center City offers—no car needed.
Market Activity
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Rental Income
$23K
Yield
17.3%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Updating your property boosts the price per square foot from roughly $358 to $384, a solid 7% increase. This enhancement sharpens your competitive edge, pushing potential sale values up to $298,000 and creating a fresher, more desirable living space. This renovation is a smart move to elevate your home’s appeal and long-term value. While rent remains steady, the upgrade improves your position in the market, making your unit a standout choice for future buyers or tenants.
Value Add
$20K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $273,000 and $302,000. Efficient upgrades bridge the gap from baseline pricing, significantly enhancing the asset’s equity profile and long-term resale value within the market. Projected monthly rental income reaches $1,853, delivering a 7.7% yield. This performance provides a reliable cash flow stream while tapping into stable area appreciation, making it a practical and efficient choice for building a rental portfolio.
Rental Income
$22K
Yield
7.7%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$135K
$182.5K below comp median
Comparative Market Analysis
$110K – $350K
~80 days to sell
Based on 5 comps
1010 Race St APT 5D, Philadelphia Investment Report: Flip & Rental Analysis · Frontflip