1418 Monroe 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
Rental property for sale in Wyomissing at 1418 Monroe Ave, Wyomissing, PA, 19610 generates $2,919/mo in rent, after a $2,203/mo payment. Total monthly income is $2,919/mo. Return on cash invested sits at 19.67% in year one, and rental yield is 7.78% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 102.01% and total cumulative return in cash sums $152,178. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,919/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.28 Acres 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: Kevin Snyder • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2067112