223 S 13th StReadingPA19602
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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 223 S 13th St, Reading, PA, 19602 generates $1,728/mo in rent and, after a $954/mo payment, leaves $451/mo in cash flow. Total monthly income is $1,728/mo, and annual cash flow is $5,408/yr on $64,641 invested. Return on cash invested sits at 28.27% in year one, and rental yield is 10.63% on a $194,995 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,874 over five years. Five-year ROI reaches 148.19% and total cumulative return in cash sums $95,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,728/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19602, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,480 (100%) |
| Owner Occupied HU | 2,277 (26.9%) |
| Renter Occupied HU | 5,139 (60.6%) |
| Vacant Housing Units | 1,064 (12.5%) |
| Median Home Value | $80,336 |
| Average Home Value | $137,463 |
Housing Distribution
Address Breakdown
Residential
6,982
Single Family
4,996
Multi-Family
1,986
Businesses
384
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Listed by: Melissa Graham • United Real Estate Strive 212
Mls Name: Bright MLS
Mls ID: #PABK2062588