20 Myrtle AveReadingPA19606
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 20 Myrtle Ave, Reading, PA, 19606 at $245,000 posts ROI 31.64% with $794/mo cash flow from $2,399/mo rent. Total monthly income equals $2,399/mo, and annual cash flow records $9,525/yr on $81,218 to close. Return on cash invested measures 31.64% and rental yield reads 11.75% at the current $245,000. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 by year five. Five-year ROI prints 166.22% and total cumulative return in cash totals $135,000.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,399/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1933
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: Joanna Rodriguez • JM Diamond Realty
Mls Name: Bright MLS
Mls ID: #PABK2061306