1653 Cotton StReadingPA19606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1653 Cotton St, Reading, PA, 19606 offers a 10.75% rental yield on a $158,500 purchase with $1,420/mo rent. Total monthly income registers $1,420/mo, and a $776/mo payment leaves $381/mo available for distribution. Annual cash flow reaches $4,574/yr on $52,543 to close, and return on cash invested stands at 28.61% in year one. Equity gained on principal adds $1,023/yr while 5% annual appreciation supports $43,791 over five years. Portfolio math shows five-year ROI at 150.07% and total cumulative return in cash at $78,851. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,420/mo property income against a $776/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1900
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19606, Reading, PA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,932
Single Family
13,150
Multi-Family
782
Businesses
612
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trent Stauffer • Bold Realty
Mls Name: Bright MLS
Mls ID: #PABK2063724