308 Faust RdReadingPA19608
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 308 Faust Rd, Reading, PA, 19608 in Reading hard to pass up. The 11.05% gross yield on a $349,000 purchase results in $3,212/mo in rent and $925/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.05). Annual cash flow of $11,106, five-year appreciation of $96,422, and $3,214/yr in equity build-up combine for a projected total cumulative return of $192,470.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 7.2% |
| Monthly Cash Flow | $925 | $450 |
City averages based on Reading market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,212 |
| Total Monthly Debt Service | $2,148 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
0.53 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
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
Single Family
Built in 1970
0.53 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tina Hanulec • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2061598