244 Sycamore RdReadingPA19611
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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 244 Sycamore Rd, Reading, PA, 19611 uses $38,123 cash to close to unlock $15,255/yr annual cash flow and $1,271/mo monthly cash flow. Total monthly income runs $2,025/mo, and a $563/mo payment keeps the spread at $1,271/mo. Purchase price stands at $115,000, and rental yield measures 21.13% with $2,025/mo rent. Return on cash invested shows 59.93% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 318.01% and total cumulative return in cash records $121,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,025/mo property income covering a $563/mo payment rather than investor’s personal income.
Townhouse
Built in 1947
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19611, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,441 (100%) |
| Owner Occupied HU | 2,107 (47.4%) |
| Renter Occupied HU | 2,169 (48.8%) |
| Vacant Housing Units | 165 ( 3.7%) |
| Median Home Value | $173,080 |
| Average Home Value | $204,439 |
Housing Distribution
Address Breakdown
Residential
4,291
Single Family
3,774
Multi-Family
517
Businesses
423
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Listed by: Sandy Matz • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2060208