1148 N 10th 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
Investment property for sale in Reading at 1148 N 10th St, Reading, PA, 19604 uses $61,328 cash to close to unlock $2,007/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $1,379/mo, and a $905/mo payment keeps the spread at $167/mo. Purchase price stands at $185,000, and rental yield measures 8.94% with $1,379/mo rent. Return on cash invested shows 23.18% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 120.91% and total cumulative return in cash records $74,151. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,379/mo property income covering a $905/mo payment rather than investor’s personal income.
Multi 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: Denise Commings • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2058508