1341 S Opal St
PHILADELPHIA, PA 19146

Under the 10 year new construction tax abatement the city of Philadelphia is losing $4,599.74 a year in tax revenue on this property.

The estimated monthly mortgage payment1 for this property is $2,077.41. A Philadelphian making the median income of $39,770.002 would have to spend 62.7% of their monthly income to live here. This means that in the most ideal lending situation3 most people would not be approved for this mortgage4.

It was purchased in 2016 for $410,000.00.

1 Estimated using an interest rate of 4.5% on a 30 year fixed rate mortgage, using this formula. These estimates are based on either the OPA market value or the most recent sale price, whichever seems more realistic.
2 Income in the past 12 months (in 2016 inflation-adjusted dollars) 2012-2016 American Community Survey 5-Year Estimates for Philadelphia
3 A nearly impossible ideal; a non-discriminatory lender lending to someone with perfect credit and no outstanding loan debt.
4 As determined by the "28/36 rule". If this number is above 36% you're probably not getting a mortgage.