218 W Oley StReadingPA19601
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 Reading at 218 W Oley St, Reading, PA, 19601 generates $1,311/mo in rent, after a $1,297/mo payment. Total monthly income is $1,311/mo. Return on cash invested sits at 14.1% in year one, and rental yield is 5.94% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 72.16% and total cumulative return in cash sums $63,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,311/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aida Sanchez • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PABK2061626