2309 High StReadingPA19605
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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 2309 High St, Reading, PA, 19605 offers a 8.25% rental yield on a $245,000 purchase with $1,684/mo rent. Total monthly income registers $1,684/mo, and a $1,199/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $945/yr on $81,218 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 109.56% and total cumulative return in cash at $88,980. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,684/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19605, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,856 (100%) |
| Owner Occupied HU | 7,009 (79.1%) |
| Renter Occupied HU | 1,489 (16.8%) |
| Vacant Housing Units | 358 ( 4.0%) |
| Median Home Value | $270,423 |
| Average Home Value | $335,208 |
Housing Distribution
Address Breakdown
Residential
8,259
Single Family
8,072
Multi-Family
187
Businesses
711
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Listed by: Stephanie McMullen-Payton • Iron Valley Real Estate of Berks
Mls Name: Bright MLS
Mls ID: #PABK2059784