1034 Spruce 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 1034 Spruce St, Reading, PA, 19602 offers a 9.32% rental yield on a $134,900 purchase with $1,048/mo rent. Total monthly income registers $1,048/mo, and a $660/mo payment leaves $164/mo available for distribution. Annual cash flow reaches $1,971/yr on $44,719 to close, and return on cash invested stands at 24.32% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 127.07% and total cumulative return in cash at $56,825. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,048/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Taryn Hartman • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PABK2060162