3 Grape StWest ReadingPA19611
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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 West Reading at 3 Grape St, West Reading, PA, 19611 generates $2,195/mo in rent and, after a $1,224/mo payment, leaves $556/mo in cash flow. Total monthly income is $2,195/mo, and annual cash flow is $6,677/yr on $82,875 invested. Return on cash invested sits at 27.97% in year one, and rental yield is 10.54% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 146.56% and total cumulative return in cash sums $121,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,195/mo property income rather than buyer’s personal income.
Townhouse
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,291
Single Family
3,774
Multi-Family
517
Businesses
423
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Listed by: Wendy McCooey • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2067492