2224 Shillington RdReadingPA19608
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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
Investment property for sale in Reading at 2224 Shillington Rd, Reading, PA, 19608 uses $99,450 cash to close to unlock $3,354/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $2,245/mo, and a $1,468/mo payment keeps the spread at $280/mo. Purchase price stands at $299,999, and rental yield measures 8.98% with $2,245/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 121.42% and total cumulative return in cash records $120,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,245/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19608, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,774 (100%) |
| Owner Occupied HU | 7,474 (76.5%) |
| Renter Occupied HU | 2,050 (21.0%) |
| Vacant Housing Units | 250 ( 2.6%) |
| Median Home Value | $364,596 |
| Average Home Value | $415,396 |
Housing Distribution
Address Breakdown
Residential
9,058
Single Family
8,963
Multi-Family
95
Businesses
475
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Listed by: Ivan Vega • JRHeller.com LLC
Mls Name: Bright MLS
Mls ID: #PABK2062582