174 Taft AveReadingPA19606
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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
Rental property for sale in Reading at 174 Taft Ave, Reading, PA, 19606 priced at $229,000 converts $2,196/mo rent into $695/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,196/mo, and annual cash flow totals $8,343/yr on $75,914 invested. Return on cash invested prints 30.9% in year one, and rental yield reads 11.51% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 162.3% and total cumulative return in cash sums $123,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,196/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1930
2,613 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
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Listed by: John Gantkowski • Iron Valley Real Estate of Berks
Mls Name: Bright MLS
Mls ID: #PABK2065316