1122 Marion 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 1122 Marion St, Reading, PA, 19604 priced at $213,500 converts $1,698/mo rent into $299/mo cash flow after a $1,045/mo obligation. Total monthly income equals $1,698/mo, and annual cash flow totals $3,587/yr on $70,775 invested. Return on cash invested prints 24.98% in year one, and rental yield reads 9.54% against a $213,500 entry. Equity gained on principal adds $1,378/yr, while 5% annual appreciation compiles into $58,986 by year five. Five-year ROI reaches 130.48% and total cumulative return in cash sums $92,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,698/mo property income covering a $1,045/mo payment, not borrower’s personal income.
Townhouse
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: Indira A. Bautista • EXP Realty LLC
Mls Name: GLVR
Mls Provider:
Mls ID: #756541
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.