118 Jefferson StReadingPA19605
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Reading rentals match the income profile of 118 Jefferson St, Reading, PA, 19605. Listed at $259,900, gross rent is $2,300/mo and net cash flow is $597/mo, a 10.62% yield well above national averages. DSCR 1.97 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $71,806 by year five with $2,394/yr in annual principal reduction, projecting $137,352 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.2% |
| Monthly Cash Flow | $597 | $450 |
City averages based on Reading market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,300 |
| Total Monthly Debt Service | $1,600 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1915
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19605, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,856 (100%) |
| Owner Occupied HU | 7,009 (79.1%) |
| Renter Occupied HU | 1,489 (16.8%) |
| Vacant Housing Units | 358 ( 4.0%) |
| Median Home Value | $270,423 |
| Average Home Value | $335,208 |
Housing Distribution
Address Breakdown
Residential
8,259
Single Family
8,072
Multi-Family
187
Businesses
711
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
Single Family
Built in 1915
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19605, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,856 (100%) |
| Owner Occupied HU | 7,009 (79.1%) |
| Renter Occupied HU | 1,489 (16.8%) |
| Vacant Housing Units | 358 ( 4.0%) |
| Median Home Value | $270,423 |
| Average Home Value | $335,208 |
Housing Distribution
Address Breakdown
Residential
8,259
Single Family
8,072
Multi-Family
187
Businesses
711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Flowers • Century 21 Gold
Mls Name: Bright MLS
Mls ID: #PABK2068330