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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Reading at 1030 Ithaca St, Reading, PA, 19605 offers a 11.82% rental yield on a $299,900 purchase with $2,953/mo rent. Total monthly income registers $2,953/mo, and a $1,468/mo payment leaves $988/mo available for distribution. Annual cash flow reaches $11,852/yr on $99,417 to close, and return on cash invested stands at 31.83% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 167.25% and total cumulative return in cash at $166,276. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,953/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19605, Reading, PA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,856 (100%) |
| Owner Occupied HU | 7,009 (79.1%) |
| Renter Occupied HU | 1,489 (16.8%) |
| Vacant Housing Units | 358 ( 4.0%) |
| Median Home Value | $270,423 |
| Average Home Value | $335,208 |
Residential
8,259
Single Family
8,072
Multi-Family
187
Businesses
711
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Dave Decembrino • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2062222
