2904 Gerard AveSinking SpringPA19608
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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
Rental property for sale in Sinking Spring at 2904 Gerard Ave, Sinking Spring, PA, 19608 generates $2,271/mo in rent, after a $1,713/mo payment. Total monthly income is $2,271/mo. Return on cash invested sits at 19.68% in year one, and rental yield is 7.79% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 102.09% and total cumulative return in cash sums $118,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,271/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19608, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,774 (100%) |
| Owner Occupied HU | 7,474 (76.5%) |
| Renter Occupied HU | 2,050 (21.0%) |
| Vacant Housing Units | 250 ( 2.6%) |
| Median Home Value | $364,596 |
| Average Home Value | $415,396 |
Housing Distribution
Address Breakdown
Residential
9,058
Single Family
8,963
Multi-Family
95
Businesses
475
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Listed by: Pam Pfennig • BHHS Homesale Realty- Reading Berks
Mls Name: Bright MLS
Mls ID: #PABK2067108