1033 Cherry StReadingPA19602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Reading at 1033 Cherry St, Reading, PA, 19602 earns $144/mo cash flow from $897/mo rent with a $562/mo payment. Total monthly income totals $897/mo, and annual cash flow totals $1,733/yr on $38,089 capital. ROI tracks 24.46% on current figures, and rental yield reads 9.37% at a $114,900 purchase. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 over five years. Five-year ROI reaches 127.79% and total cumulative return in cash sums $48,674. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $897/mo property income instead of your personal income.
Townhouse
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19602, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,480 (100%) |
| Owner Occupied HU | 2,277 (26.9%) |
| Renter Occupied HU | 5,139 (60.6%) |
| Vacant Housing Units | 1,064 (12.5%) |
| Median Home Value | $80,336 |
| Average Home Value | $137,463 |
Housing Distribution
Address Breakdown
Residential
6,982
Single Family
4,996
Multi-Family
1,986
Businesses
384
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Juan Cortes-Carreno • BHHS Homesale Realty- Reading Berks
Mls Name: Bright MLS
Mls ID: #PABK2061750