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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Reading at 2905 Newport Way, Reading, PA, 19608 generates $1,846/mo in rent and, after a $1,175/mo payment, leaves $273/mo in cash flow. Total monthly income is $1,846/mo, and annual cash flow is $3,276/yr on $79,560 invested. Return on cash invested sits at 24.03% in year one, and rental yield is 9.23% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 125.39% and total cumulative return in cash sums $99,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,846/mo property income rather than buyer’s personal income.
Townhouse
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19608, Reading, PA area.
| 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 |
Residential
9,058
Single Family
8,963
Multi-Family
95
Businesses
475
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Isiah Speaks • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PABK2062136
