3024 Oley Turnpike RdReadingPA19606
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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 3024 Oley Turnpike Rd, Reading, PA, 19606 uses $91,163 cash to close to unlock $8,736/yr annual cash flow and $728/mo monthly cash flow. Total monthly income runs $2,530/mo, and a $1,346/mo payment keeps the spread at $728/mo. Purchase price stands at $275,000, and rental yield measures 11.04% with $2,530/mo rent. Return on cash invested shows 29.49% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 154.69% and total cumulative return in cash records $141,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,530/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1890
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19606, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,673 (100%) |
| Owner Occupied HU | 11,127 (75.8%) |
| Renter Occupied HU | 2,972 (20.3%) |
| Vacant Housing Units | 574 ( 3.9%) |
| Median Home Value | $290,366 |
| Average Home Value | $311,369 |
Housing Distribution
Address Breakdown
Residential
13,932
Single Family
13,150
Multi-Family
782
Businesses
612
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Listed by: Tanja Weller • Iron Valley Real Estate of Berks
Mls Name: Bright MLS
Mls ID: #PABK2064124