206 Chestnut StWest ReadingPA19611
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
Rental property for sale in West Reading at 206 Chestnut St, West Reading, PA, 19611 priced at $239,900 converts $2,242/mo rent into $670/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,242/mo, and annual cash flow totals $8,042/yr on $79,527 invested. Return on cash invested prints 30.02% in year one, and rental yield reads 11.21% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 157.6% and total cumulative return in cash sums $125,335. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,242/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1910
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19611, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,441 (100%) |
| Owner Occupied HU | 2,107 (47.4%) |
| Renter Occupied HU | 2,169 (48.8%) |
| Vacant Housing Units | 165 ( 3.7%) |
| Median Home Value | $173,080 |
| Average Home Value | $204,439 |
Housing Distribution
Address Breakdown
Residential
4,291
Single Family
3,774
Multi-Family
517
Businesses
423
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Listed by: Jacob Eckert • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2064456