1315 Cleveland AveWyomissingPA19610
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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
Total monthly income runs $2,454/mo, and a $2,398/mo payment. Purchase price stands at $489,900, and rental yield measures 6.01% with $2,454/mo rent. Return on cash invested shows 14.32% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 73.35% and total cumulative return in cash records $119,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,454/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1925
5,662 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
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Listed by: Kelly Spayd • Keller Williams Platinum Realty - Wyomissing
Mls Name: Bright MLS
Mls ID: #PABK2062716