245 Chestnut St, West Reading, PA, 19611 | $848/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

245 Chestnut St, West Reading, PA, 19611 | $848/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1966 sft

205 Acorn Ln, Lititz, PA, 17543

4 Bed
3 Bath
2460 sft

103 Eagles Ln, Sinking Spring, PA, 19608

3 Bed
3 Bath
3254 sft

660 Snyder Hill Rd, Lititz, PA, 17543

3 Bed
4 Bath
2700 sft

7 Wyomissing Ct, Wyomissing, PA, 19610

Nearby investment properties with comparable prices

4 Bed
2 Bath
1468 sft

2249 Cleveland Ave, Reading, PA, 19609

5 Bed
2 Bath
1784 sft

827 N Shippen St, Lancaster, PA, 17602

3 Bed
2 Bath
1332 sft

610 Cobblestone Ln, Lancaster, PA, 17601

3 Bed
2 Bath
1304 sft

63 E Main St, Leola, PA, 17540

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in West Reading at 245 Chestnut St, West Reading, PA, 19611 offers $2,714/mo rent that, after a $1,394/mo payment, leaves $848/mo cash flow. Total monthly income is $2,714/mo, and annual cash flow is $10,170/yr on $94,444 cash. Return on cash invested measures 30.68% in year one, and rental yield stands at 11.43% at a $284,900 entry. Equity gained on principal adds $1,838/yr while 5% annual appreciation compounds into $78,713 by year five. Five-year ROI records 161.07% and total cumulative return in cash reaches $152,123. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,714/mo property income versus a $1,394/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1910

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover your new home at this beautifully updated corner property, offering an impressive 5 bedrooms and 2 full bathrooms across over 2,100 sq ft of living space. Perfectly situated in the desirable West Reading area, this home is a true gem that blends modern living with classic charm! As you enter the first floor, you'll find a welcoming living room thats perfect for relaxing with family or entertaining friends. The adjacent dining room creates an inviting atmosphere for meals, while the well-equipped kitchen provides the perfect space for culinary adventures. Completing this level is a convenient full bathroom, ideal for guests and visitors. Venture upstairs to the second floor, where youll discover four spacious bedrooms, including one with a private balconyyour personal retreat for morning coffee or evening stargazing! This level also features another full bathroom, ensuring comfort and privacy for everyone. The third floor boasts the fifth bedroom, offering a quiet space that can be used as a guest room, home office, or playroomwhatever suits your needs! But thats not all! The property includes a partially finished basement, providing additional space for storage or recreation. Enjoy the comfort of gas heating during those chilly Pennsylvania winters, and take advantage of the off-street parking available in the rear. Located in the heart of West Reading, this home puts you just steps away from quaint shops, delightful eateries, and beautiful parks. Experience the vibrant community atmosphere that makes this area so sought after! Dont miss this fantastic opportunity to own a spacious home in a prime location. Schedule your showing today and imagine the memories youll create in this charming West Reading property!

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