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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% |
Rental property for sale in Reading at 163 Wegman Rd, Reading, PA, 19606 generates $2,220/mo in rent, after a $1,713/mo payment. Total monthly income is $2,220/mo. Return on cash invested sits at 19.15% in year one, and rental yield is 7.61% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 99.26% and total cumulative return in cash sums $115,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19606, Reading, PA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,673 (100%) |
| Owner Occupied HU | 11,127 (75.8%) |
| Renter Occupied HU | 2,972 (20.3%) |
| Vacant Housing Units | 574 ( 3.9%) |
| Median Home Value | $290,366 |
| Average Home Value | $311,369 |
Residential
13,932
Single Family
13,150
Multi-Family
782
Businesses
612
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $349,900 |
| 2017-01-12 | Listing removed | $59,900 |
| 2016-11-01 | Price change | $59,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-24 | $3257.80 | 3.38% | $68,600 | N/A |
| 2023-03-24 | $3151.26 | 1.13% | $68,600 | N/A |
| 2022-03-24 | $3116.07 | 19.89% | $68,600 | 18.07% |
Listed by: Iulia E. Gherasim • IronValley RE of Lehigh Valley
Mls Name: GLVR
Mls Provider:
Mls ID: #754217
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
