24 Philadelphia AveReadingPA19607
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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 24 Philadelphia Ave, Reading, PA, 19607 earns from $1,536/mo rent with a $2,442/mo payment. Total monthly income totals $1,536/mo. ROI tracks 7.33% on current figures, and rental yield reads 3.69% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 35.89% and total cumulative return in cash sums $59,370. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,536/mo property income instead of your personal income.
Multi Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19607, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,205 (100%) |
| Owner Occupied HU | 6,911 (67.7%) |
| Renter Occupied HU | 2,855 (28.0%) |
| Vacant Housing Units | 439 ( 4.3%) |
| Median Home Value | $248,800 |
| Average Home Value | $311,380 |
Housing Distribution
Address Breakdown
Residential
9,824
Single Family
8,129
Multi-Family
1,695
Businesses
611
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Listed by: Ed Freeman • BHHS Homesale Realty- Reading Berks
Mls Name: Bright MLS
Mls ID: #PABK2064232