Likely sold or withdrawnWe last saw this listing 22 days ago. It may no longer be available — treat these numbers as a reference and confirm with the listing agent before acting.
Monthly profit
−$5,748/mo
Cash needed
$475K
Return after costs
-14.5%
Cash return
-14.5%
⊞ View all 63
2 BED CONDOListed 56d ago
It costs you $5,748 a month. That is $68,978 a year, every year you hold it.
The rent is well evidenced — 94 similar homes letting nearby. The shortfall is not a data problem: at this price, on these costs, the rent does not cover what it takes to hold it. It only works if you are buying for the capital growth, or buying it cheaper.
1228 Arch St #8E, Philadelphia, PA 19107 · 2,130 sqft · $563/sqft
2.32% return before costs — verify the rent + comps locally.
Why it works
2.32% return before costs — around the area average for this property type
Nothing here is unusual enough, in either direction, to be a reason on its own.
Monthly profit −$5,748/mo at the modelled defaults
Open the calculator to move the deposit, rate and refurb and see where it breaks.
Why to be cautious
2.32% return — below most lender Rent-covers-mortgage checks
Most lenders want the rent to cover about 1.25× the stressed mortgage payment. At this yield it may not.A bigger deposit fixes the lender test — it does not fix the return. See the lender's view →
You would be topping it up every month, from your own income, for as long as you hold it.That can still be the plan if you are buying for capital growth — but it should be a decision, not a surprise. Try your own numbers →
No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.
Property research tool — not a regulated financial service. Numbers are point-in-time estimates; how we decide →
What-if calculator
Edit any input — outputs recalc live
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer ($)
Monthly rent ($)
Local comp range: $1,955–$2,744/mo · n=94
Financing
DepositYour cash in — the rest is the mortgage25% · $300,000
5%100% (cash buy)
Standard 75% LTV for rental
Mortgage rate5y fixed7.00%
3.00%9.00%
5-year fixed (market average) — 7.00% (as of 2026-05).
Mortgage term (years)
Stress rate8.0%
5.0%9.0%
Fed base + 2pp stress (8.0%)
Acquisition costs
Refurb ($)
Tiered estimate (full refurb): $94,590–$176,630 range from $/sqft + per-room model
Legal + survey ($)
Standard house — $2,400 legal + $1,300 survey
Mortgage fees ($)
2% product fee on $900,000 loan + $1,000 booking fee
Running costs
Management10%
0%20%
Typical rental agency rate
Void weeks
Typical voids for rental
Insurance ($/mo)
Typical building+landlord cover for $400K+
Maintenance ($/mo)
Default $67/mo — type unknown
Result · Rent it out
Monthly profit
-$5,748
after mortgage, operating costs & tax
Rent in$2,316/mo
$2,227Collected
$2,227/mo actually reaches you — the other $89 is lost to voids: the weeks a rental sits empty between tenants, when no rent comes in.
Where it goes
$5,988Mortgage$2,076Costs
Outgoings exceed rent — you top up $5,748/mo
Mortgage$5,988
Costs$2,076
Management$232
Maintenance$67
Insurance$40
CapEx reserve$116
Voids + council tax$12
Ltd co. accounts$104
Tax—
Shortfall−$5,748
Returns
Return before costson price2.32%
Cash returnon cash-14.53%
Gross margin$150
Cash needed$474,610
Monthly profit paybackn/a (monthly loss)
Data confidence
One card is deliberately absent.Renting it by the room — Only 2 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.
Ready to move on this deal?
Generates an offer pack with your numbers & sources — take it to the agent.