2916 State Hill Rd APT C3ReadingPA19610
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2916 State Hill Rd APT C3, Reading, PA, 19610 earns $164/mo cash flow from $1,081/mo rent with a $685/mo payment. Total monthly income totals $1,081/mo, and annual cash flow totals $1,968/yr on $46,377 capital. ROI tracks 24.15% on current figures, and rental yield reads 9.27% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 126.07% and total cumulative return in cash sums $58,467. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,081/mo property income instead of your personal income.
Condo
Built in 1970
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daryl Tillman • Daryl Tillman Realty Group
Mls Name: Bright MLS
Mls ID: #PABK2061194