1216 N 10th St, Reading, PA, 19604 | $786/mo Cash Flow

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1216 N 10th St, Reading, PA, 19604 | $786/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Reading at 1216 N 10th St, Reading, PA, 19604 offers a 11.64% rental yield on a $250,000 purchase with $2,425/mo rent. Total monthly income registers $2,425/mo, and a $1,224/mo payment leaves $786/mo available for distribution. Annual cash flow reaches $9,437/yr on $82,875 to close, and return on cash invested stands at 31.3% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 164.43% and total cumulative return in cash at $136,270. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,425/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1915

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Solid two-unit investment property in Northeast Reading offering dependable rental income. The first-floor unit includes 2 bedrooms and 1 bath with a functional layout suited for everyday living. The second-floor unit offers 3 bedrooms and 1 bath, providing additional space and strong rental appeal. Each unit has separate electric and gas heat, as well as private entrances, creating a practical setup for both tenants and owners. A detached garage on the property is rented separately for storage, generating an additional income stream beyond the residential rents. This building continues to demonstrate stable rental performance, making it suitable for investors seeking a straightforward, income producing property. Located in Northeast Reading, this property benefits from close proximity to schools, public transportation, parks, shopping, and major highways. This two-unit property presents a great opportunity for a new or experienced investor looking to start or expand their portfolio. Make your appointment today.

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