120 Laurel CtWyomissingPA19610
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
Investment Highlights
Investment property for sale in Wyomissing at 120 Laurel Ct, Wyomissing, PA, 19610 uses $72,897 cash to close to unlock $1,408/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,558/mo, and a $1,076/mo payment keeps the spread at $117/mo. Purchase price stands at $219,900, and rental yield measures 8.5% with $1,558/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 113.72% and total cumulative return in cash records $82,900. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,558/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Townhouse
Built in 1992
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19610, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,670 (65.0%) |
| Renter Occupied HU | 2,125 (29.6%) |
| Vacant Housing Units | 395 ( 5.5%) |
| Median Home Value | $408,640 |
| Average Home Value | $444,322 |
Housing Distribution
Address Breakdown
Residential
7,124
Single Family
5,969
Multi-Family
1,155
Businesses
1,222
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katiejo Shank • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2064594