Property Report :

3140 Tulip St, Philadelphia, PA 19134

Real Estate Analysis

Created on: Apr 15, 2025

Author: Linwood Lewis

Company: Lewis Property Remodeling L.L.C.

3140 Tulip St, Philadelphia, PA 19134

Condominium: 3 bedrooms , 2 bathrooms

Year built: 1925, Size: 1030 SF

Investment strategy: Rental Property

Purchase Price$ 114,999

Rent$ 2,200/mo

Monthly Cash Flow$ 1,100

Cash on Cash Return11.48 %

Financial Analysis

Cash on Cash Return	11.48 %
Internal Rate of Return (IRR)	11.67 %
Capitalization Rate	11.48 %
Gross Rent Multiplier (GRM)	4.36
Debt-coverage Ratio (DCR)	0.00
Operating Expense Ratio (OER)	50.00 %

Financial Breakdown

Purchase Price	$ 114,999
Purchase Costs	$ 0
Repair/Construction Costs	$ 0
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 114,999
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 114,999
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	$ 0
Cash During Rehab Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction. Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction.	$ 114,999

Operating Analysis

Rent	$ 2,200/mo
Gross Operating Income (GOI)	$ 26,400
Total Expenses	$ 13,200
Net Operating Income (NOI)	$ 13,200
Annual Debt Service	$ 0
Cash Flow Before Taxes (CFBT)	$ 13,200
Income Tax Liability	$ 2,464
Cash Flow After Taxes (CFAT)	$ 10,736

Welcome to 3140 Tulip Street! Investor alert! This is the perfect home to add to your portfolio! 3 Bedrooms, 2 FULL baths and 1, 218 square foot of pure potential! Located conveniently within walking distance to several shops, restaurants, playgrounds and only minutes from I-95! Schedule your private showing TODAY!

Purchase Price	$ 114,999
Address	3140 Tulip St , Philadelphia, 19134, PA
MLS^® #	PAPH2230048
Listing Agent	David Petroski
Listing Broker	Realty One Group Focus
Year Built	1925
Type	Condominium
Size	1030 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Change	Event
10/27/2009

3140 Tulip St Philadelphia, PA 19134

Condominium

Bldg type
1,030

SqFt
3

Beds
2

Baths

#	Property address	Distance	Beds	Baths	SqFt	Bldg type	Date sold	Sale price	$/SqFt
1	3146 Tulip St	0.0mi	3	1	986	condo	10/31/2022	$ 86,500	$ 88
2	3167 Agate St	0.1mi	3	1	784	condo	12/16/2022	$ 126,000	$ 161
3	3156 Memphis St	0.1mi	3	1	948	condo	3/17/2023	$ 215,000	$ 227
Average:								$ 142,500	$ 159

3140 Tulip St Philadelphia, PA 19134

$ 2,200

Rent
Condominium

Bldg type
1,030

SqFt
3

Beds
2

Baths

Your rent is reasonable for the area.

Average

$ 2,244

Median

$ 1,958

25th %

$ 1,628

75th %

$ 2,861

#	Property address	Similarity	Distance	Beds	Baths	SqFt	Date Listed	Bldg type	Rent
1	3209 Memphis St, Unit 1	81%	0.2mi	3	2	1,033	11/15/2022	Apartment	$ 1,850
2	2060 E Orleans St	81%	0.6mi	3	2	1,030	2/4/2023	Single Family	$ 1,270
3	2050 E Orleans St	80%	0.6mi	3	2	1,030	11/8/2022	Single Family	$ 1,325

You can edit, sort, drag and reorder suggested comps below. Select the comps you want to include in the report. You can also add comps manually.

Property address	Similarity	Distance	Beds	Baths	SqFt	Date Listed	Bldg type	Rent
3209 Memphis St, Unit 1	81%	0.2mi	3	2	1,033	11/15/2022	Apartment	$ 1,850
2060 E Orleans St	81%	0.6mi	3	2	1,030	2/4/2023	Single Family	$ 1,270
2050 E Orleans St	80%	0.6mi	3	2	1,030	11/8/2022	Single Family	$ 1,325
3068 Memphis St, # 1	80%	0.2mi	3	2	990	4/29/2023	Apartment	$ 1,400
2046 E Stella St	80%	0.6mi	3	2	1,014	1/7/2023	Single Family	$ 1,500
2257 E Clearfield St	79%	0.1mi	3	2	1,120	12/27/2022	Townhouse	$ 1,325
2337 E Ann St	79%	0.4mi	3	2	954	4/8/2023	Single Family	$ 1,550
2629 E Madison St	79%	0.7mi	3	2	1,104	4/29/2023	Townhouse	$ 1,800
3032 Memphis St	79%	0.3mi	3	1.5	1,036	1/26/2023	Townhouse	$ 1,500
3195 Almond St	78%	0.6mi	3	2	1,140	1/10/2023	Townhouse	$ 1,850

Comps selected: 3

Annual Property Operating Data

Incomes		% of GOI
Gross Scheduled Income Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents. Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents.	$ 26,400
Total Gross Income	$ 26,400
Vacancy loss Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants. Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants.	$ 0
Gross Operating Income Gross Operating Income (GOI) An actual income which is expected to be collected in the property. Gross Operating Income (GOI) An actual income which is expected to be collected in the property.	$ 26,400	100.00 %
Expenses Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation). Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation).
50% rule	$ 13,200	50.00 %
Total Expenses	$ 13,200	50.00 %
Net Operating Income Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses. Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses.	$ 13,200	50.00 %

Cash Flow (Year 1)

Net Operating Income	$ 13,200	50.00 %
Annual Debt Service	$ 0	0.00 %
Cash Flow Before Taxes (CFBT) Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	$ 13,200	50.00 %
Income Tax Liability	$ 2,464	9.33 %
Cash Flow After Taxes (CFAT) Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	$ 10,736	40.67 %

Operating Ratios

Operating Expense Ratio Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI). Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI).	50.00 %
Break-Even Ratio Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less. Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less.	50.00 %

Financial Measures

Net Present Value Net Present Value (NPV) Probably the best measure of any investment thanks to its complexity; taking into account all future cash flows including the selling price, and it converts all these amounts to their present values using discount rate required by the investor. More information and an example on the blog. Net Present Value (NPV) Probably the best measure of any investment thanks to its complexity; taking into account all future cash flows including the selling price, and it converts all these amounts to their present values using discount rate required by the investor. More information and an example on the blog.	$ 65,585
Internal Rate of Return Internal Rate of Return (IRR) Rate which an investment will return over the estimated period of ownership. It is in fact the discount rate that produces NPV of zero. Internal Rate of Return (IRR) Rate which an investment will return over the estimated period of ownership. It is in fact the discount rate that produces NPV of zero.	11.67 %
Profitability Index Profitability Index Similar to NPV, also calculates with the present values of future cash flows and discount rate. It shows whether the present value of the cash flows is worth the initial investment. Good investment should be above 1.0 Profitability Index Similar to NPV, also calculates with the present values of future cash flows and discount rate. It shows whether the present value of the cash flows is worth the initial investment. Good investment should be above 1.0	1.57
Annual Depreciation	$ 3,345

Holding period of 10 years and discount rate of 5.00% were used for calculation of NPV and IRR. The rest of the financial measures are for the 1st year only and therefore don't provide such an exact information.

Investment Return Ratios

Cash on Cash Return Cash on Cash Return Ratio between annual cash flow before taxes and the total initial investment, expressed as a percentage. It does not take in account the future value of money. Cash on Cash Return Ratio between annual cash flow before taxes and the total initial investment, expressed as a percentage. It does not take in account the future value of money.	11.48 %
Return on Investment Return on Investment Very similar to Cash on Cash Return, but also takes in account appreciation of the property in the first year. Return on Investment Very similar to Cash on Cash Return, but also takes in account appreciation of the property in the first year.	14.48 %
Capitalization Rate Capitalization Rate Calculated as ratio of the net operating income and the value of the property. Capitalization Rate Calculated as ratio of the net operating income and the value of the property.	11.48 %
Gross Rental Yield Gross Rental Yield Used for a particular property or also as a market indicator when using median values of rent and house prices - counted from gross scheduled rent and initial investment. Gross Rental Yield Used for a particular property or also as a market indicator when using median values of rent and house prices - counted from gross scheduled rent and initial investment.	22.96 %
Gross Rent Multiplier Gross Rent Multiplier (GRM) Counted as a ratio of market value of the property and gross scheduled income. Gross Rent Multiplier (GRM) Counted as a ratio of market value of the property and gross scheduled income.	4.36

There is no financing selected in this deal.

This chart shows the process of accumulation of investor's equity. There is some equity created right at the beginning with the rehab/construction and later investor's equity is rising by paying off the principal of the loan and also by appreciation over the years. All the green parts is the cummulative equity belonging to the investor and the red part belongs to the lender.

Year	0	1	2	3	4	5	6	7	8	9	10
Operational Analysis
Gross Scheduled Income	0	26,400	26,928	27,467	28,016	28,576	29,148	29,731	30,325	30,932	31,550
Vacancy Loss	0	0	0	0	0	0	0	0	0	0	0
Gross Operating Income	0	26,400	26,928	27,467	28,016	28,576	29,148	29,731	30,325	30,932	31,550
Expenses	0	13,200	13,464	13,733	14,008	14,288	14,574	14,865	15,163	15,466	15,775
Net Operating Income	0	13,200	13,464	13,733	14,008	14,288	14,574	14,865	15,163	15,466	15,775
Cash Flow
Repairs/Construction	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-114,999	13,200	13,464	13,733	14,008	14,288	14,574	14,865	15,163	15,466	15,775
Depreciation	0	3,345	3,345	3,345	3,345	3,345	3,345	3,345	3,345	3,345	3,345
Taxes	0	2,464	2,530	2,597	2,666	2,736	2,807	2,880	2,954	3,030	3,108
Cash Flow After Taxes	-114,999	10,736	10,934	11,136	11,342	11,552	11,767	11,985	12,208	12,436	12,668

Note: All amounts in the table above are in $

Resale Price Evaluation Methods

The property is sold after 10 years. Below is the resale price calculated using different methods.

Appreciation (3.00%)	$ 154,549
Cap Rate (11.48%) & NOI	$ 137,415
Gross Rent Multiplier	$ 137,560

Sale Proceeds

Projected Selling Price	$ 154,549
Costs of Sale (4.00%)	$ 6,182
Net Sale Proceeds Before Tax	$ 148,367

In the resale analysis we do not include any calculation for taxes that might be owed on sale of the property. The tax laws for the resale are rather complex and subjected to frequent changes.

Net Assets and Yield

Net Assets
Sale Proceeds Before Tax	$ 148,367
Investor Cash Outlay	$ 114,999
Net Assets	$ 33,368
Average Yield
Annual Net Assets	$ 3,337
Average Cash Flow (After Taxes)	$ 10,410
Average Annual Gain (After Taxes)	$ 13,747
Average Annual Yield (After Taxes)	11.95 %

This charts shows Net Present Value (NPV) when property is sold in various years, i.e. when sold in 5th year, the NPV is calculated from 5 years of Cash Flow (including the selling price) and this NPV is displayed in year 5. Optimal holding period can be estimated, using this method - when NPV is the highest. Please note that appreciation growth can change these numbers greatly. It sometimes makes sense to sell the property even before the end of the mortgage term.

Property Report: 3140 Tulip St, Philadelphia RENTAL PUBLISHED

Property Report :

3140 Tulip St, Philadelphia, PA 19134

Executive Summary

3140 Tulip St, Philadelphia, PA 19134

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Rehab

Cash During Rehab

Operating Analysis

Property Description

Property History

Comparative Sales Analysis

Condominium

Bldg type

1,030

SqFt

3

Beds

2

Baths

Comparative Rental Analysis

$ 2,200

Rent

Condominium

Bldg type

1,030

SqFt

3

Beds

2

Baths

Rentometer®

Rentometer®

Operating Analysis

Annual Property Operating Data

Gross Scheduled Income (GSI)

Gross Scheduled Income (GSI)

Vacancy and Credit Loss

Vacancy and Credit Loss

Gross Operating Income (GOI)

Gross Operating Income (GOI)

Operating Expenses

Operating Expenses

Net Operating Income (NOI)

Net Operating Income (NOI)

Cash Flow (Year 1)

Cash Flow

Cash Flow

Cash Flow

Cash Flow

Operating Ratios

Operating Expense Ratio

Operating Expense Ratio

Break-Even Ratio (BER)

Break-Even Ratio (BER)

Financial Analysis

Financial Measures

Net Present Value (NPV)

Net Present Value (NPV)

Internal Rate of Return (IRR)

Internal Rate of Return (IRR)

Profitability Index

Profitability Index

Investment Return Ratios

Cash on Cash Return

Cash on Cash Return

Return on Investment

Return on Investment

Capitalization Rate

Capitalization Rate

Gross Rental Yield

Gross Rental Yield

Gross Rent Multiplier (GRM)

Rentometer^®

Rentometer^®