1048 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 1048 Cherry St, Reading, PA, 19602 earns $420/mo cash flow from $1,403/mo rent with a $734/mo payment. Total monthly income totals $1,403/mo, and annual cash flow totals $5,043/yr on $49,725 capital. ROI tracks 30.05% on current figures, and rental yield reads 11.22% at a $149,999 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 157.79% and total cumulative return in cash sums $78,462. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,403/mo property income instead of your personal income.
Single Family
Built in 1900
435 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: Mr. Gomez • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PABK2058562