238 S 5th St, Reading, PA, 19602 | 2.62% Rental Yield

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238 S 5th St, Reading, PA, 19602 | 2.62% Rental Yield | Ziffy

For Sale

Fix & Flip

Motivated Seller

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Investment property for sale in Reading at 238 S 5th St, Reading, PA, 19602 offers a 2.62% rental yield on a $879,900 purchase with $1,920/mo rent. 12% in year one. Equity gained on principal adds $5,678/yr while 5% annual appreciation supports $243,100 over five years. Portfolio math shows five-year ROI at 18.6% and total cumulative return in cash at $53,845. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $4,307/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Apartment

Built in 1900

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Excellent investment opportunity in the heart of Reading! This parcel consists of two buildings totaling nine (9) residential units a front building with seven units and a rear building with two units. Each building is equipped with efficient gas heating, keeping utility costs manageable and appealing to tenants. The property offers a mix of at least four (4) two-bedroom units and the remaining units are large one-bedroom units, each featuring a separate bedroom, living room, and eat-in kitchen (Buyer to verify). With room to raise rents and the potential to split heating, this property presents a fantastic value-add opportunity for any investor. The buildings have historically maintained a high occupancy rate, supported by their location on a high-traffic street that ensures consistent rental demand. Whether youre looking to expand your portfolio or start building one, this property has plenty of upside, income growth potential, and long-term stability. Bring an offer! Motivated sellerroom to negotiate with a fair and reasonable offer. Buyer to Verify Measurements and Square Footage.

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