1229 Robeson StReadingPA19604
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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 1229 Robeson St, Reading, PA, 19604 uses $69,615 cash to close to unlock $7,773/yr annual cash flow and $648/mo monthly cash flow. Total monthly income runs $2,024/mo, and a $1,028/mo payment keeps the spread at $648/mo. Purchase price stands at $210,000, and rental yield measures 11.57% with $2,024/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 163.21% and total cumulative return in cash records $113,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,024/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Townhouse
Built in 1920
1,306 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,821
Single Family
8,006
Multi-Family
815
Businesses
378
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Listed by: sarita soto • Keller Williams Platinum Realty - Wyomissing
Mls Name: Bright MLS
Mls ID: #PABK2063748