118 Gretchen DrReadingPA19607
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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 118 Gretchen Dr, Reading, PA, 19607 offers a 12.5% rental yield on a $174,900 purchase with $1,822/mo rent. Total monthly income registers $1,822/mo, and a $856/mo payment leaves $676/mo available for distribution. Annual cash flow reaches $8,111/yr on $57,979 to close, and return on cash invested stands at 33.9% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 178.35% and total cumulative return in cash at $103,404. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,822/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19607, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,205 (100%) |
| Owner Occupied HU | 6,911 (67.7%) |
| Renter Occupied HU | 2,855 (28.0%) |
| Vacant Housing Units | 439 ( 4.3%) |
| Median Home Value | $248,800 |
| Average Home Value | $311,380 |
Housing Distribution
Address Breakdown
Residential
9,824
Single Family
8,129
Multi-Family
1,695
Businesses
611
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Listed by: Linda Novotny • Springer Realty Group
Mls Name: Bright MLS
Mls ID: #PABK2067436