11A Fairway Rd #11AReadingPA19607
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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 11A Fairway Rd #11A, Reading, PA, 19607 uses $66,300 cash to close to unlock $1,348/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,423/mo, and a $979/mo payment keeps the spread at $112/mo. Purchase price stands at $199,999, and rental yield measures 8.54% with $1,423/mo rent. Return on cash invested shows 21.94% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 114.27% and total cumulative return in cash records $75,764. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,423/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1977
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: Logan Chappel • JRHeller.com LLC
Mls Name: Bright MLS
Mls ID: #PABK2064488