1049 Penn St, Reading, PA, 19601 | 1.99% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1049 Penn St, Reading, PA, 19601 | 1.99% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Reading at 1049 Penn St, Reading, PA, 19601 generates $1,577/mo in rent, after a $4,650/mo payment. Total monthly income is $1,577/mo. Return on cash invested sits at 2.21% in year one, and rental yield is 1.99% on a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 8.39% and total cumulative return in cash sums $26,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,577/mo property income rather than buyer’s personal income.

Multi Family

Built in 1900

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Prime multi-unit property with high-visibility and corner Location facing City Park. An exceptional opportunity to own a 4-unit mixed-use property in a prime, high-traffic location. This impressive building features one spacious unit per floor, including 1 ground-floor commercial space and 3 large residential apartments, each offering unique charm and character. It features a premium location situated on a high-visibility corner directly across from a park, offering scenic park and city views. Excellent accessibility with easy access to public transportation and foot traffic, ideal for both residential and commercial use. The units are well-maintained with high ceilings, hardwood floors, and abundant natural light. The architectural character amazes with beautiful original architectural features and rear sun porches add elegance and light to each apartment. The long-term commercial tenant, ensures stable income. A versatility for investors seeking strong rental income or owner-occupants looking to live and invest in a vibrant area. This is a rare chance to acquire a corner detached property with high curb appeal and excellent growth potential. Don't miss out on this standout asset in a sought-after neighborhood.