1642 Mineral Spring RdReadingPA19602
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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 1642 Mineral Spring Rd, Reading, PA, 19602 listed at $264,900 pairs $1,817/mo rent with a $1,297/mo payment to leave $81/mo cash flow. Total monthly income runs $1,817/mo, and annual cash flow reaches $968/yr on $87,814 cash to close. Return on cash invested measures 21.01% in year one, and rental yield registers 8.23% at a $264,900 basis. Equity gained on principal adds $1,709/yr, and annual property appreciation at 5% supports $73,187 by year five. Five-year ROI tracks 109.25% and total cumulative return in cash totals $95,936. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,817/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1905
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19602, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,480 (100%) |
| Owner Occupied HU | 2,277 (26.9%) |
| Renter Occupied HU | 5,139 (60.6%) |
| Vacant Housing Units | 1,064 (12.5%) |
| Median Home Value | $80,336 |
| Average Home Value | $137,463 |
Housing Distribution
Address Breakdown
Residential
6,982
Single Family
4,996
Multi-Family
1,986
Businesses
384
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Listed by: Parul Khanna • Daryl Tillman Realty Group
Mls Name: Bright MLS
Mls ID: #PABK2060586