144 W Elm StReadingPA19607
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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 144 W Elm St, Reading, PA, 19607 with 5% annual appreciation on a $253,000 basis while $1,999/mo rent supports operations. Total monthly income totals $1,999/mo and a $1,238/mo payment preserves $341/mo for cash returns. Annual cash flow comes to $4,097/yr on $83,870 deployed, and return on cash invested reaches 24.79% in year one. Equity gained on principal adds $1,633/yr, and five-year appreciation sums $69,899 alongside rental yield of 9.48%. Five-year ROI measures 129.53% and total cumulative return in cash totals $108,640.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,999/mo property income versus a $1,238/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
3,049 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: Lauren Cronmiller • Keller Williams Real Estate-Doylestown
Mls Name: Bright MLS
Mls ID: #PABK2066660