308 Spohn RdReadingPA19608
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
Rental property for sale in Reading at 308 Spohn Rd, Reading, PA, 19608 offers $2,340/mo rent that, after a $1,615/mo payment, leaves $178/mo cash flow. Total monthly income is $2,340/mo, and annual cash flow is $2,135/yr on $109,362 cash. Return on cash invested measures 21.86% in year one, and rental yield stands at 8.51% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 113.78% and total cumulative return in cash reaches $124,431. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,340/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.26 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
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Listed by: Barb Griffith • Berkshire Hathaway HomeServices Homesale Realty
Mls Name: Bright MLS
Mls ID: #PABK2065878