1038 Union StReadingPA19604
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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
Rental property for sale in Reading at 1038 Union St, Reading, PA, 19604 priced at $153,900 converts $1,176/mo rent into $168/mo cash flow after a $753/mo obligation. Total monthly income equals $1,176/mo, and annual cash flow totals $2,013/yr on $51,018 invested. Return on cash invested prints 23.86% in year one, and rental yield reads 9.17% against a $153,900 entry. Equity gained on principal adds $993/yr, while 5% annual appreciation compiles into $42,520 by year five. Five-year ROI reaches 124.49% and total cumulative return in cash sums $63,510. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,176/mo property income covering a $753/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19604, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,028 (100%) |
| Owner Occupied HU | 4,658 (46.4%) |
| Renter Occupied HU | 4,695 (46.8%) |
| Vacant Housing Units | 675 ( 6.7%) |
| Median Home Value | $117,611 |
| Average Home Value | $181,341 |
Housing Distribution
Address Breakdown
Residential
8,821
Single Family
8,006
Multi-Family
815
Businesses
378
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Listed by: N/A • N/A
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