1318 Perkiomen AveReadingPA19602
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 Reading at 1318 Perkiomen Ave, Reading, PA, 19602 earns $55/mo cash flow from $1,071/mo rent with a $759/mo payment. Total monthly income totals $1,071/mo, and annual cash flow totals $660/yr on $51,383 capital. ROI tracks 21.19% on current figures, and rental yield reads 8.29% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 110.17% and total cumulative return in cash sums $56,608. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,071/mo property income instead of your personal income.
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19602, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,480 (100%) |
| Owner Occupied HU | 2,277 (26.9%) |
| Renter Occupied HU | 5,139 (60.6%) |
| Vacant Housing Units | 1,064 (12.5%) |
| Median Home Value | $80,336 |
| Average Home Value | $137,463 |
Housing Distribution
Address Breakdown
Residential
6,982
Single Family
4,996
Multi-Family
1,986
Businesses
384
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jackie Frey • Iron Valley Real Estate of Lehigh Valley
Mls Name: Bright MLS
Mls ID: #PABK2064620