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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Reading at 1501 Gregg Ave, Reading, PA, 19607 uses $69,582 cash to close to unlock $6,899/yr annual cash flow and $575/mo monthly cash flow. Total monthly income runs $1,950/mo, and a $1,027/mo payment keeps the spread at $575/mo. Purchase price stands at $209,900, and rental yield measures 11.15% with $1,950/mo rent. Return on cash invested shows 29.82% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 156.48% and total cumulative return in cash records $108,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,950/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1960
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19607, Reading, PA area.
| 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 |
Residential
9,824
Single Family
8,129
Multi-Family
1,695
Businesses
611
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tina Miranda • Iron Valley Real Estate of Berks
Mls Name: Bright MLS
Mls ID: #PABK2063754
