1407 Lancaster AveShillingtonPA19607
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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
Rental property for sale in Shillington at 1407 Lancaster Ave, Shillington, PA, 19607 generates $2,476/mo in rent and, after a $1,517/mo payment, leaves $445/mo in cash flow. Total monthly income is $2,476/mo, and annual cash flow is $5,339/yr on $102,765 invested. Return on cash invested sits at 25.1% in year one, and rental yield is 9.58% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 131.16% and total cumulative return in cash sums $134,791. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,476/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19607, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,205 (100%) |
| Owner Occupied HU | 6,911 (67.7%) |
| Renter Occupied HU | 2,855 (28.0%) |
| Vacant Housing Units | 439 ( 4.3%) |
| Median Home Value | $248,800 |
| Average Home Value | $311,380 |
Housing Distribution
Address Breakdown
Residential
9,824
Single Family
8,129
Multi-Family
1,695
Businesses
611
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Listed by: Genaro Sanchez • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2061906