2900 State Hill Rd APT I-12ReadingPA19610
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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 2900 State Hill Rd APT I-12, Reading, PA, 19610 earns $212/mo cash flow from $1,290/mo rent with a $805/mo payment. Total monthly income totals $1,290/mo, and annual cash flow totals $2,547/yr on $54,532 capital. ROI tracks 24.58% on current figures, and rental yield reads 9.41% at a $164,500 purchase. Equity gained on principal adds $1,061/yr, and 5% annual appreciation supports $45,448 over five years. Five-year ROI reaches 128.42% and total cumulative return in cash sums $70,030. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,290/mo property income instead of your personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19610, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,670 (65.0%) |
| Renter Occupied HU | 2,125 (29.6%) |
| Vacant Housing Units | 395 ( 5.5%) |
| Median Home Value | $408,640 |
| Average Home Value | $444,322 |
Housing Distribution
Address Breakdown
Residential
7,124
Single Family
5,969
Multi-Family
1,155
Businesses
1,222
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Listed by: Lisa Criniti • Keller Williams Realty Group
Mls Name: Bright MLS
Mls ID: #PABK2064872